Apple loses $2 trillion market capitalization for the first time in 2021
Apple's market capitalization closed below the $2 trillion threshold on Monday, after shares dropped more than 4% in intraday trading.
Apple's market capitalization closed below the $2 trillion threshold on Monday, after shares dropped more than 4% in intraday trading.
Apple's success with the iPhone 12 and iPhone 12 Pro is continuing to exceed analyst expectations, with orders climbing by over 50% year-over-year.
Apple's production of the iPhone 12 generation is continuing strong, a supply chain report from Wedbush claims, with Apple likely to continue enjoying the "supercycle" through to the "iPhone 13."
Berkshire Hathaway's annual letter to shareholders has praised Apple, using the iPhone maker as a demonstration of how share repurchases can be a good thing for investors.
The "Apple Car" may not disrupt the market when it first debuts, but Piper Sandler says it could become a solid hardware revenue source for Apple, possibly generating $50 billion by 2030.
Apple has once again become the highest-selling smartphone producer in the world, with demand for the iPhone 12 range granting it the top spot for the fourth quarter of 2020.
The high popularity and sales of the iPhone 12 will continue throughout 2021, according to analysis by Wedbush, a factor that could give Apple a market capitalization in excess of $3 trillion by the end of the year.
Dialog Semiconductor, a UK-based chip producer who is also a supplier to Apple, is being taken over by Renesas Electronics in a deal valued at $6 billion.
Apple's App Store and demand for notebook computers like the MacBook are both off to a strong start in the first month of 2021, according to Morgan Stanley.
Apple has topped Fortune's chart of the world's most admired companies for the 14th year in a row, with it beating out Amazon, Microsoft, and Walt Disney for the top slot once again.
In the wake of Apple's stellar holiday quarter results, analysts have been quick to respond to the $111.4 billion in revenue and other data points Apple raised in its financials. Here's what the analysts think of the results — as well as how far out they were in their predictions.
Apple's Q1 2021 results were the highest ever for the Cupertino giant, with a later iPhone release schedule and many other factors supersizing typically huge results. Here's a breakdown of the key figures Apple disclosed about its holiday quarter fortunes.
Apple CEO Tim Cook on an earnings call Wednesday said that the company set a new record for the most FaceTime call volume during the holiday season.
Apple earned $111.4 billion in revenue in the first quarter of 2021, blasting past the $100 billion barrier for the first time on double-digit growth across all product categories.
Investment bank UBS has raised its Apple December quarter estimates, citing better-than-expected iPhone shipments, average selling prices, and Mac sales.
Wedbush has raised its Apple price target to $175 on expectations that the company will announce "eye popping" iPhone shipments and earnings for the December quarter.
High demand for the iPhone 12 has prompted Apple to increase its build orders for the March quarter, Cowen analysts claim, with sales in China said to be a highlight of the quarter's finances.
Morgan Stanley has raised its Apple price target to $152 on expectations of a strong December quarter across its product and services portfolio.
Continuing iPhone 12 demand is exceeding Wedbush's most bullish expectations, with the firm predicting that a $3 trillion Apple market capitalization can be hit by mid-2022.
Smartwatches and fitness trackers like the Apple Watch have benefitted from the COVID-19 pandemic throughout 2020, according to Gartner, with consumer spending on wearable devices likely to continue to rise throughout 2021 and into 2022.
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