Apple has a clear path to be the first to hit a $2 trillion valuation
With a current valuation of $1.4 trillion and climbing, analyst Amit Daryanani thinks the world's most valuable company could be the first to hit $2 trillion.
With a current valuation of $1.4 trillion and climbing, analyst Amit Daryanani thinks the world's most valuable company could be the first to hit $2 trillion.
Investment bank JP Morgan has raised its Apple stock price target on the potential for an on-time 'iPhone 12' launch and the iPhone SE's opportunity to drive growth in India.
The smartphone industry is recovering from COVID-19 production slumps, although Cowen analysts suggest smartphone demand is still uncertain and Apple's flagship iPhones could launch a month or two later than usual.
At Tuesday's NASDAQ opening, Apple's stock price has recovered all of the losses it suffered since the company announced it would miss its guidance over coronavirus issues in February.
Apple may be cutting its iPhone SE margins to drive sales and is looking to partially move iPhone production out of China, investment bank Piper Sandler said on Sunday.
The 66th Fortune 500 list was released on Monday morning detailing the largest corporations in the United States, with Apple slipping a bit to the number four spot.
The French government is going ahead with its digital tax effort on Apple and other tech multinational companies, and is no longer waiting on an international tax reform effort to do so.
Investment bank Wedbush is raising its Apple price target to $350 on what it describes as a robust performance by the company's services, plus prospects of recovering demand and the highly anticipated "iPhone 12."
Apple's App Store growth has jumped to multi-year highs and consumer spending on electronics continues to improve amid the COVID-19 pandemic, according to investment bank Morgan Stanley.
Apple on Monday launched its latest debt deal to fund corporate operations like share buybacks and dividends, with reports claiming the offering stands at $8 billion.
Morgan Stanley is retaining Apple as a top pick in the wake of the company's March quarter earnings, which solidified the investment bank's positive outlook for the long-term.
Investment bank JP Morgan is adding Apple to its top picks after the company reported financial results for the second quarter that were much better than Wall Street estimates.
On Thursday, Apple reported quarterly earnings and growth that exceeded Wall Street expectations, leading many analysts to update their predictions for the June quarter and beyond.
Following the publication of its second fiscal quarter of 2020 results, Apple provided additional detail surrounding the particulars of the report during an hour-long conference call.
Early in the Q2 2020 Apple financial results conference call, CEO Tim Cook commented on COVID-19 and its impact on the company. While acknowledging how the quarter was originally shaping up to be very different, Cook expressed confidence in the iPhone maker's ability to bounce back from the pandemic.
During its quarterly conference call, Apple CFO Luca Maestri shared that the iPhone maker's wearables division continues to see strong growth and is now the size of a Fortune 140 company.
Following a turbulent few months due to the COVID-19 pandemic, Apple has reported revenue earnings of $58.3 billion for the second quarter of 2020, beating Wall Street estimates by a large margin.
Apple will be announcing its financial results for the second quarter of 2020 on Thursday, but the ongoing COVID-19 pandemic is likely to result in considerably weaker results than usual. Here are what some analysts monitoring Apple and the coronavirus situation expect to hear during the filing and conference call.
Gene Levoff, Apple's former senior director of corporate law, continues to fight charges of insider trading and on Monday asked that his indictment be dismissed citing an argument of constitutionality.
Although iPhone demand uncertainty remains a concern, investment bank Cowen expects demand to improve in 2020, driven by the new iPhone SE and rumors of a 5G "iPhone 12."
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