Apple's revenue in the fourth and final quarter of the fiscal year 2020 reached $64.7 billion, the iPhone maker revealed on Thursday, with the quarter also resulting in Apple's highest annual revenue figure.
Cowen expects Apple to report September quarter earnings in line with Wall Street consensus, but adds that the iPhone 12 and holiday seasonality could bolster the following quarter.
Investment bank JP Morgan is expecting Apple to report September quarter earnings results that modestly beat expectations and for continued guidance upside into the iPhone 12 cycle.
Piper Sandler is raising its iPhone 12 estimates for the December quarter because of heavy carrier promotions that it believes will drive demand for the new handsets.
Morgan Stanley is warning investors of a potential iPhone revenue miss for the September quarter but continues to believe that the iPhone 12 will drive growth in the future.
Ahead of Apple's "iPhone 12" event on Oct. 13, Morgan Stanley is raising its iPhone estimates on new average selling price (ASP) analysis and iPhone build data.
Apple on Thursday announced that its quarterly earnings call for the fourth fiscal quarter of 2020 will be held on Oct. 29, where CEO Tim Cook and CFO Luca Maestri are expected to detail the company's health heading into what is typically a lucrative fall season.
Investment bank JP Morgan expects Apple Fitness+ to bolster the value of the Apple One bundle, but notes that standalone adoption could take some time to ramp up.
Investment bank Piper Sandler raised its AAPL price target to $130 on the strength of a new slate of Apple products and services that address different aspects of the "new normal" during the COVID-19 pandemic.
Investment bank Wedbush says Apple's "Time Flies" event, focused on a new "Apple Watch Series 6" and "iPad Air 4," will help build anticipation for the "iPhone 12" keynote early in October.
Verizon is increasing its customer base by pushing into the low-income cellular market, by announcing an acquisition of major virtual mobile network Tracfone for more than $6 billion.
Softbank and Nvidia are reportedly close to making a deal over the sale of ARM Holdings, one that could be finalized in the next week and could see the British chip design firm handed over for more than $40 billion.
Investment bank Cowen sees Apple's decision to delay new iOS 14 privacy features as a net positive both for consumers and the relationship between Apple and developers.
Apple on Friday regained a market valuation above $2 trillion after briefly losing it Thursday in a large-scale tech industry stock sell-off.
JP Morgan has raised its 12-month price AAPL target to $150 after Apple's four-for-one split, noting that there are still significant upsides to the stock despite its already rich valuation.
Investment bank Wedbush has adjusted its AAPL price target to $150, taking into account Apple's recent four-for-one stock split.
Apple's stock split has completed, with shareholders on Friday now owning four times the number of shares in the iPhone maker they did yesterday, as the company attempts to make the stock "more accessible" to smaller investors.
Investment bank Wedbush has raised its AAPL price target to an industry-high $600 on the upcoming "iPhone 12" cycle and signs of strength in the critical region of China.
Investment bank Cowen has raised its 12-month Apple price target to $530 on an uptick in its iPhone build estimate for the third quarter.
Monday at end of trading is a key deadline for full participation in Apple's four-for-one stock split. Here's how it works, and what you need to know about the August 24 start of the process, and completion on August 31.
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Malcolm Owen
Mike Peterson
Mikey Campbell
