October Bump: App Store Revenue Jumps More than Usual in October

In October 2024, Apple's App Store saw a significant increase in revenue, growing by 2.6% compared to the previous month. This growth was double the average sequential monthly rise of 1.1% seen in previous years. Analysts believe this supports a 15% year-on-year increase in revenue for October and indicates robust Services revenue forecasts for the Q1 2025 financial results. App Store downloads also tracked above seasonal levels, with a 3% increase on a month-to-month basis.