Bank of America: Apple's Q3 App Store revenue is expected to increase by 13% year-on-year. EU DMA has little impact on user download behavior. Analysts at Bank of America cited Sensor Tower data in a report on Tuesday, stating that Apple's App Store revenue in the third quarter will increase by 13% year-on-year to $7.5 billion, driven by a 3.2% year-on-year increase in iPhone and iPad downloads. Analysts maintain a "buy" rating for Apple, with a target price of $230.