Yahoo Finance Live’s Brian Sozzi discusses the Apple App Store seeing no growth in the month of July for the first time ever.
- Recession fears still swirling, despite all the concerns about inflation. We learned of a spending weakness by mobile gamers, compliments of Take-Two's earnings. Let's check back in on Apple's App Store trends in our stats today to get more insight into consumers mindset. Evercore ISI points out in a new research that Apple's App Store did not grow in July, the first month without growth since the store's inception in 2008. The App Store only grew by 5% in Apple's June-ended quarter. So the spending slowdown appears to be worsening, at least as it pertains to digital stuff.