07/26/2016, 10:07 pm
Apple CEO Tim Cook during a quarterly investor conference call on Tuesday said he expects his company's services sector, which continues to exhibit growth despite slumping iPhone sales, to generate revenues equivalent to that of a Fortune 100 company next year.
07/26/2016, 05:07 pm
Apple on Tuesday announced a steep decline in Greater China revenue for the third fiscal quarter of 2016, but CEO Tim Cook is optimistic about the region's future, one of the company's most important.
07/26/2016, 05:07 pm
Apple's sales continue to decline across its three major platforms -- iPhone, iPad and Mac -- but the year-over-year losses weren't quite as bad as the market had expected. After reporting the results of its June quarter, Apple executives gave commentary and fielded questions, and notes of interest from the conversation follow.
07/26/2016, 04:07 pm
Though Apple's sales continue to decline year over year, the company's June quarter came in ahead of Wall Street expectations, with the company posting $42.4 billion in revenue and quarterly net income of $7.8 billion.
07/26/2016, 09:07 am
Apple has historically added an extra week to its December quarter when the 31st of the month falls on a Saturday -- which it does again this year. That extra time could add 3 million iPhone sales to the three-month period, one analyst has predicted.
07/25/2016, 08:07 am
Tuesday's earnings report from Apple is expected by Wall Street analysts to be essentially a non-event -- nothing serious enough to make the stock price jump, but also nothing negative enough to see shares slide significantly.
07/20/2016, 10:07 am
Apple could potentially reap $3 billion in incremental revenue from Pokémon Go over the next couple of years, an analyst argued in a Wednesday investor memo, helping to buoy the company's stock price.
07/19/2016, 03:07 pm
A new survey has suggested 16 percent of U.S. iPhone sales in the June quarter were of the low-end iPhone SE -- a number that investment firm UBS believes will push down the average selling price of the iPhone more than expected.
07/19/2016, 12:07 pm
Ahead of its June quarter earnings report next week, a number of factors have put Apple in a position to exceed investor expectations, making it a good time to buy into the company's stock, one analyst believes.
07/15/2016, 12:07 pm
While maintaining an "overweight" rating, a Barclays analyst reduced the firm's price target for Apple stock from $121 to $115 on Friday, citing soft demand for smartphones along with expectations that Apple won't rise above the fray.
07/12/2016, 09:07 am
As investors await this fall's anticipated "iPhone 7" launch, sales for the current-flagship iPhone 6s series are expected to continue to lag behind last year, with Wall Street estimates pegged at about 40 million units for the just-concluded June quarter.
07/11/2016, 11:07 am
If the typical two-year upgrade cycle holds steady, Apple could be in line for a major "iPhone 7" product cycle, with a majority of existing iPhone users due for a new handset, according to a new survey.
07/06/2016, 09:07 pm
Investment firm Longbow Research initiated Apple stock coverage this week, assigning a 12-month target price of $125 and forecasting a rosy outlook for the Cupertino tech giant on expected strong iPhone user growth.
07/06/2016, 08:07 am
With Apple expected to launch its next-generation iPhone in just a matter of months, a new analysis of the secondary iPhone 6s market has found that the flagship handset sells used for 78 percent of its new price, outperforming the iPhone 6 at the same period.
07/05/2016, 12:07 pm
Apple's stock price is down over 1 percent in Tuesday trading in the wake of a Citigroup investor memo, calling for the company's sales to slide below Wall Street predictions when it announces third-quarter results on July 26.
06/28/2016, 11:06 am
As Apple's iPhone install base continues to grow, so too do the number of customers who are likely to upgrade to a new handset, representing what one investment firm has dubbed a "powder keg" that could propel shares of AAPL higher.
06/27/2016, 09:06 pm
Apple on Monday announced plans to release a quarterly earnings report for the third fiscal quarter of 2016 on July 26, which is to be detailed in a following investors conference call.
06/24/2016, 11:06 pm
Yesterday's referendum on the United Kingdom exiting the European Union was widely expected to fail, but instead surprised markets globally by narrowly passing. The Euro and British Pound both subsequently dropped significantly, and markets worldwide recoiled in shock. Here's a look at how will this affect Apple going forward.
06/17/2016, 01:06 pm
iPhone shipments in the coming quarters could be lower than Wall Street expects, as Apple works to reduce excess channel inventory ahead of the anticipated "iPhone 7" launch, in what could be the last painful quarter before over a year of growth, according to Brean Capital.
06/17/2016, 11:06 am
A new patent decision accusing Apple of copying the design of a Chinese-made smartphone will not have a negative effect on Apple's revenue or margins in China, two major investment firms said on Friday.