Apple becomes first public US company to hit $2.5T market capitalization
After a two-day rally, Apple has hit a new record high stock price and a market capitalization of $2.5 trillion in pre-opening trading on Thursday.
After a two-day rally, Apple has hit a new record high stock price and a market capitalization of $2.5 trillion in pre-opening trading on Thursday.
JP Morgan has raised its Apple price target to $175 because of an uptick in iPhone 12 build estimates and the continued sales strength of the company's Mac lineup.
Demand for Apple's current slate of iPhone 12 models remains robust despite a new iPhone launch just over the horizon, according to investment bank JP Morgan.
Apple's stock price closed at $144.57 on Wednesday, an all-time record high that breaks the previous record closing price set in January.
Apple has announced that it will report and discuss earnings results for the company's third fiscal quarter of 2021 on Tuesday, July 27.
Apple App Store growth estimates for June suggest strong Services outperformance and increases Morgan Stanley's confidence of a significant June quarter earnings beat.
Investment bank Morgan Stanley is increasingly confident that Apple will both outperform in the June quarter and show solid growth across its products in 2022.
Despite a slate of sweeping antitrust bills in the U.S., investment bank Wedbush believes there's no major threat to the structure of most large technology companies like Apple.
Ahead of the potential launch of the "iPhone 13" later in 2021, Wedbush believes there is still "massive" pent-up demand for new smartphones within Apple's customer base.
Amid a dip in the Chinese smartphone market, Goldman Sachs says that current iPhone shipments in China are 12% lower than the iPhone X series, bucking talk of a super cycle.
No MacBook Pro refresh at WWDC caught some stock analysts by surprise. Here's what analysts thought about the event, what they got right, and what they got wrong.
The G7 group of nations has agreed to close tax loopholes that encouraged major multinationals like Apple to move their money across borders, with the core change being a global minimum corporation tax rate.
Apple's WWDC keynote could be more of a catalyst for Apple stock than what has historically been seen, largely due to a focus around Apple Silicon, Morgan Stanley says.
Alongside long-rumored M1 MacBook models and the usual software updates, investment bank Wedbush expects privacy and security to be a central theme at Apple's WWDC 21 keynote.
Apple CEO Tim Cook's compensation for heading up the most valuable company in the United States is relatively modest, placed in 171st position in rankings of S&P 500 CEO earnings.
After a weaker-than-expected April, Morgan Stanley's Katy Huberty says that the App Store is trending ahead of forecasts in May — which could be a sign that Apple is on track to outperform in the June quarter.
Institutional ownership of Apple shares of stock saw the largest sequential decline since 2013 in the March quarter, though the company is still positioned for growth, Morgan Stanley's Katy Huberty says.
Demand for Apple's iPhone and other products remains healthy suggesting that the the dip in Apple's stock price is temporary, investment bank Morgan Stanley says.
The Epic v. Apple trial has revealed a slew of data points about the App Store that would otherwise be hard to come by, including margins and its share of the gaming market, JP Morgan says.
Morgan Stanley Katy Huberty expects Apple App Store revenue will grow less than expected in the June quarter, though its long-term outlook remains unchanged.
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