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Topic: Macquarie

Wall Street adjusts Apple expectations after Tim Cook 'rips the Band-Aid off'

01/27/2016, 11:01 am

Though Apple had a respectable December quarter, the company's outlook for the following three months calls for iPhone sales to decline for the first time ever. Analysts on Wall Street responded by trimming their price targets, though most still believe investors should buy in.

125 comments

Apple's impressive App Store growth continues to be overlooked by Wall Street, Macquarie says

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.

39 comments

iTunes and app sales projected to grow to 20% of Apple profit by 2020

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.

24 comments