$AAPL - GOLDMAN SACHS: APPLE APP STORE SPENDING UP 13% IN JULY Goldman Sachs reiterates a Buy rating and $266 price target on Apple. Analyst Michael Ng notes App Store spending rose 13% year-over-year in July 2025, up from 12% in June and the fastest growth since November 2024. This supports Goldman’s forecast of 13% Services revenue growth for Apple’s fiscal Q4. U.S. spending also grew 13%, easing concerns about third-party payment competition. The App Store accounts for an estimated 20–25% of Apple’s Services revenue.