In order to qualify for having sleep apnea your SpO2 must be **below** 90% **and** you must have a disruption in your breathing. At 90% you would be borderline and this would not at all be "conclusive" but at best suggestive. Keep in mind anyone without sleep apnea would see an improvement in SPO2 on a CPAP, so the improvement isnt an indicator either.
If you want conclusive evidence you will need an actual sleep study.