In a new report, Macquarie Research analyst Ben Schachter discusses Apple Inc. AAPL 5.2% ’s potential growing reliance on its App Store for durable growth numbers.

If recent iPhone numbers are indicative of continued growth weakness for the device, Schachter believes it will be up to Apple’s services business to pick up the slack.

Latest Numbers

In an uncharacteristic move, Apple recently disclosed its 2015 year-to-date App Store app sales numbers via press interviews. The company reportedly has achieved about $8 billion in payments through the end of July, implying $3.4 billion in net revenues.

What Does It Mean?

According to Schachter, the latest numbers from Apple illustrate…

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