Wedbush raises AAPL price target to $175, expects 'eye popping' earnings
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.
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.
Apple's Macs enjoyed a bumper fourth quarter of 2020, according to IDC, with shipments reportedly up almost 50% year-on-year, and helping Apple to become the fastest-growing major computer vendor for the entirety of 2020.
Apple chip partner TSMC will see growth in 2021 alongside the entire chip foundry industry, Counterpoint Research claims, with TSMC expected to keep outperforming the industry average with growth between 13% and 16%.
Investment bank Morgan Stanley believes the "Apple Car" has an opportunity to drive down the normally razor-thin margins of the auto industry and pose a threat to Tesla.
Apple on Tuesday announced its quarterly earnings call for the first fiscal quarter of 2021 will be held on Jan. 27, offering a detailed breakdown of the important holiday quarter as the coronavirus pandemic rages.
Apple's annual shareholders meeting will be held virtually this year as the company continues to follow strict precautionary guidelines to avoid spread of the coronavirus pandemic.
The iPhone 12 was the highest-selling iPhone of the current generation in the two months after launch, according to a new survey — but the iPhone 12 mini is falling behind.
Apple's releases for 2021 will include some often-rumored items, according to TF Securities analyst Ming-Chi Kuo, including the long-awaited "AirTags" and some form of AR-based device.
Loup Ventures' Gene Munster believes that digital acceleration, the iPhone 12, and other factors could drive Apple stock to a $200 price per share and a $3 trillion market capitalization.
The market shouldn't pay too much attention to how much of TSMC's 5nm production is utilized by Apple, TF Securities analyst Ming-Chi Kuo suggests, with changes in production likely to be more due to seasonality than unexpectedly low iPhone 12 demand.
Apple is getting closer to being able to offer a bundle combining its hardware and software services in a single package, Loup Ventures analysts believe, suggesting the company may provide more options for consumers to acquire an iPad, Mac, or Apple Watch via a hardware subscription.
The iPhone 12 and iPhone 12 Pro "supercycle" is currently underway for Apple, according to supply checks carried out by investment firm Wedbush.
Investment bank JP Morgan is tracking what appears to be higher demand for the iPhone 12 Pro than its cheaper iPhone 12 counterpart.
Despite ongoing challenges in the world, Apple has once again reported stellar revenue in its latest quarterly results. Here's a graphical breakdown of how Apple's finances fared and changed over the quarters and the years.
Apple has published its fourth fiscal quarter of 2020 results, breaking all of the company's fourth fiscal quarter records. Here are some notes of interest from the report, including remarks from Apple CEO Tim Cook and Chief Financial Officer Luca Maestri surrounding the particulars of the report.
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.
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