AAPL hits milestone $500 per share, just days before split
Apple's stock has hit a new milestone — $500 per share — in pre-market trading on Monday after a particularly profitable quarter.
Apple's stock has hit a new milestone — $500 per share — in pre-market trading on Monday after a particularly profitable quarter.
Apple has become the first publicly traded U.S. company to hit a $2 trillion market capitalization, with shares of AAPL hitting $467.77 during intra-day trading.
Wedbush has raised its AAPL price target to $515 ahead of an expected "iPhone 12" super cycle and Apple hitting a $2 trillion market valuation — and it sees a potential path to $600 per share.
Bank of America Securities analyst Wamsi Mohan has downgraded Apple's stock to a "neutral," citing a new balance to risk and reward as the stock has hit new highs following a blockbuster earnings report.
Investment bank Wedbush is raising its AAPL price target to $475 on Apple's "Picasso-like" June quarter earnings results and the expectation of an "iPhone 12 super cycle."
JP Morgan bumped its AAPL price target to $460, up from $425, following an earnings report that surprised "even bullish expectations" and far surpassed its own forecast.
Following the publication of its third fiscal quarter of 2020 results, Apple CEO Tim Cook and Chief Financial Officer Luca Maestri are providing additional detail surrounding the particulars of the report during an hour-long conference call.
Six years after Apple had its last split, the company has announced that a four-to-one stock split will happen on August 24.
Apple has reported revenue earnings of $59.7 billion for the third quarter of 2020, beating Wall Street estimates, in a quarter where the company continues to feel the effects of the COVID-19 pandemic.
Investment bank JP Morgan has raised its AAPL price target to $425 on Apple's long-term upside as its near-term performance "surprises" investors.
Investment bank Cowen is expecting Apple to report June quarter earnings in-line with the larger Wall Street consensus, and adds that Services and the upcoming 5G "iPhone 12" will boost the company's momentum going forward.
Loop Ventures analyst Gene Munster expects Apple's June quarter to have lower than usual financial results, but says the earnings report will show there are key signs that Apple remains on track to grow and even find positives from coronavirus.
Morgan Stanley has raised its AAPL price target to $419, suggesting that Apple upgrade and trade-in programs could help the company unlock an "iPhone pot of gold."
Apple has announced that it will reveal its quarterly earnings for the third fiscal quarter of 2020 on July 30, detailing how the company is faring during post-WWDC and during a surge in new COVID-19 cases in the U.S.
Deutsche Bank has raised its Apple share price target to $400, citing a forecast of continued upside for investors despite "uneasiness" about the stock's sustained rise.
Apple shares now comprise 43% of Warren Buffett's portfolio with Berkshire Hathaway owning $91.3 billion worth of AAPL, according to the holding company's latest shareholder letter.
Investment bank Wedbush is predicting that the "iPhone 12" will launch at about the same time that the iPhone X did, and despite coronavirus challenges, 5G will induce a super-cycle for Apple in 2020 and 2021.
Shipments of smartphones in China, including both international and domestic brands, appear to be moderating after two months of rebounding from earlier coronavirus impacts.
Apple TV+ isn't booming quite yet, but investment bank JP Morgan is telling investors not to write off the service just yet, estimating that it will hit 100 million subscribers in five years.
Investment bank Morgan Stanley has raised its Apple price target to $340, citing strong App Store performance and a broader upside to Services.
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