Read What Evercore Said on Apple App Store Growth

The Apple app store logo is reflected from an iPhone onto the back of an iMac in this illustration photo, in Los Angeles, on Aug. 26, 2021. Chris Delmas/AFP via Getty Images

Evercore ISI analyst Amit Daryanani estimates that Apple Inc’s App Store revenue slowed to a growth rate of 9 percent in December.

Daryanani saw App Store Growth decelerate in both Q4 of 2021 and Q1 of 2022; single digits are lower than his expectation for growth of 10 percent—15 percent last month and “makes December the first month of single-digit App Store growth over the last ten years.”