App Store revenue falls 5% year-over-year

9to5Macs report that App Store revenue fell 5%, games category fell 14%.

The App Store saw declines in markets including the U.S., Canada and Japan, Morgan Stanley analyst Erik Woodring wrote in a report Monday. His analysis was based on data from Sensor Tower, a firm that tracks app downloads and sales.

Morgan Stanley said the main culprit for the drop was gaming revenue, which was down 14% in September, according to the data.

CNBC

References:

• App Store revenue last month experienced its biggest drop in seven years
• Apple’s App Store revenue fell in September as game purchases cooled, Morgan Stanley says