Apple has reached its highest install base ever with more than 1.5 billion active devices in use by customers around the world, a jump from 1.4 billion devices clocked a year ago.
Following the publication of its first fiscal quarter of 2020 results, encompassing the holiday quarter, Apple provided additional detail surrounding the particulars of the report during an hour-long conference call.
Apple generated $91.8 billion in revenue for the first quarter of its fiscal 2020 with an earnings per share of $4.99, financial results revealed on Tuesday, making for the company's best performance in history.
As Apple gets ready to report its 2020 Q1 earnings, the Wall Street Journal has switched its gears from incessantly claiming that the company was 'headed for a prolonged slump' to backhandedly acknowledging that its coverage of Apple has for years been totally wrong. But, it has yet to take responsibility for its role in stringing together false media narratives of doom that portrayed Apple as being on the verge of collapse.
Apple's holiday quarter financial results will be revealed on Tuesday, with iPhone 11 sales likely to be the biggest topic of interest. Here are what some of the analysts monitoring the iPhone maker expect will be revealed during the filing and following conference call.
Analysts at Cohen are seeing not just a strong holiday quarter, but an impressive second fiscal quarter as well, with signs that Apple has increased iPhone orders overall versus 2019.
On the eve of Apple's crucial holiday quarter earnings, J.P. Morgan has slightly hiked its Apple stock target price to $300, but is warning about the "high bar of investor expectations."
Wedbush's Daniel Ives is now saying that Apple stock is worth $400 per share — a value that he predicted could happen just a week ago assuming everything went well for Apple.
After leading the pack with an Apple stock price climb in early December, Cowen has done so again just over a month later, hiking the price target to $350 on the strength of Services and the upcoming iPhone lineup.
Just four days before Apple's crucial holiday quarter earnings report, Rosenblatt Securities has dramatically hiked its target price for Apple stock — to $250.
Less than a week before Apple's quarterly earnings report, Bank of America has slightly boosted its target price for Apple to $340.
Goldman Sachs CEO David Solomon claims the investment bank is happy with both its long-term relationship with Apple that started with the very first overnight bond issued when Steve Jobs returned to the company, all the way up to the current performance of Apple Card.
France's tax aimed at internet multinational companies like Apple, Amazon, Google, and Apple, has been postponed as U.S. President Donald Trump and French President Emmanuel Macron work together to avoid a rise in tariffs.
The spread of 5G into mainstream usage will help create a surge of smartphone sales but the hype behind 5G will only be a temporary lift for sales of devices like Apple's 2020 iPhone refresh, with the market expected to contract in 2022.
Morgan Stanley has raised its price target on shares of Apple, voicing its view that investors are under-appreciating the impact this year's 5G-enabled iPhone release is expected to have on the company's bottom line, especially given the roll-out is expected to coincide with a multi-year peak in the number of iPhones due for replacement.
Tile has joined a number of smaller companies seeking to speak out against Apple's, Google's, Amazon's and FaceBook's alleged anti-competitive practices before the House Judiciary Committee.
Apple's shares have more than doubled over the last year, but the rapid increase isn't just the result of some temporary irrational exuberance. Instead, as a variety of analysts and observers have noted, it means that investors have formed a new understanding of Apple as a company, shedding their formerly bleak pessimism that valued Apple far lower than the various consumer electronics rivals it has been outperforming.
India's Ministry of Electronics and Information Technology may begin offering incentives to smartphone manufacturers in hopes of enticing more Apple and Samsung suppliers to open factories in India.
Following iPhone demand checks internationally, and predictions of an incredible 5G 'iPhone 12' debut, Wedbush has set a $350 per-share price target on Apple stock, but believes that $400 is possible if everything goes right in 2020.
Apple shares rebounded in pre-market and regular session trading on Wednesday as investors appeared to shrug off the potential of escalating tensions between the United States and Iran.
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Amber Neely
Mike Wuerthele
Malcolm Owen
Daniel Eran Dilger
