Apple App Store shows 'solid' revenue increase in Q3, 'strong' China data: BofA
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Revenue from Apple's (NASDAQ:AAPL) App Store increased approximately 8.6% year-over-year in the most recent quarter, Bank of America said on Tuesday, aided in part by "strong" data out of China.
Citing data from SensorTower, analyst Wamsi Mohan noted that App Store revenue rose to $6.7B in the period, while total downloads for both iPhone and iPad rose 5.9% year-over-year.

The data also showed that App Store revenue in China rose 9% year-over-year, after a 5% year-over-year rise in August.
Mohan said that even with the concern about iPhone bans at certain government agencies in China, the "strong" data in September is "promising for Apple."
Additionally, Bank of America said that App Store dollars per download increased 2.5% year-over-year, while overall App Store trends improved year-over-year in September, both globally and in the U.S.
In a separate note, Citi said App Store revenue from Sensor Tower shows 9% year-over-year growth in sales for the quarter, accelerating from 5% for the June quarter and roughly in-line with the firm's model.
Apple (AAPL) shares were down nearly 1.3% in late morning trading on Tuesday.

Seeking Alpha's Christiana Sciaudone contributed to this story.

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