Topic: Ben Schachter
02/01/2017, 12:02 pm
Led by the blockbuster debut of the iPhone 7 series, Apple exceeded Wall Street's expectations with its holiday quarter, sending shares of the company's stock higher and prompting analysts to revise their price targets upward.
01/20/2017, 09:01 am
Given the Apple iPhone user base expansion, Apple's Services business led by the App Store is forecast to not only be the prime mover of Apple's income expansion, but also be the largest contributor to gross margin improvements as well.
08/07/2015, 11:08 am
Apple revealed this week that its iOS App Store had a record July with $1.7 billion in transactions. But investment firm Macquarie Securities believes Wall Street isn't paying enough attention to Apple's growing and highly profitable services business.
10/21/2014, 11:10 am
Apple exceeded market expectations this week with the results of its record breaking September quarter, leading analysts to heap praise on the company and raise their price targets as it heads into what is expected to be a blockbuster holiday season.
03/24/2014, 10:03 am
iTunes content and the App Store are projected to be key drivers of growth for Apple moving forward, with one new forecast calling for content and apps alone to account for 20 percent of profits by 2020.