UBS keeps Apple at Neutral as App Store revenue reportedly rises 2% in the September quarter

A post relaying UBS’s analysis says the firm reiterated its Neutral rating and $296 price target on Apple. App Store revenue grew 2% year over year in the September quarter, its second consecutive quarter of low-single-digit growth, despite improving to 5% growth in September. U.S. revenue fell roughly 7% year over year, while revenue in the rest of the world grew about 7%, according to the post.