Apple Silicon advances at WWDC expected to drive post-event Apple stock climb
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.
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.
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.
Apple's most recent 10-Q signals a sustainable expansion of the company's gross margins, room for iPhone growth in the June quarter, and positive data points for Services, JP Morgan's Katy Huberty says.
Following Apple's strong March quarter results, investment bank Piper Sandler believes Apple is well-positioned to continue seeing strong growth and wider margins throughout 2021.
Investment bank JP Morgan has raised its Apple price target to $165 after the Cupertino tech giant broadly beat expectations during the March quarter.
Morgan Stanley has raised its AAPL price target to $161 from $158 after Apple reported better-than-expected and record-setting earnings for its second quarter.
Apple said it expects to see strong double-digit growth during the June quarter, but cautions that seasonal decline from the March quarter could be greater than usual.
Apple posted the financial results from its second fiscal quarter of 2021 on Wednesday, reporting $89.6 billion in revenue for the period, up a massive 54 percent year over year. Following are the notes of interest from both the report and the subsequent analyst conference call, with remarks from Apple CEO Tim Cook and CFO Luca Maestri.
Apple earned $89.6 billion in revenue for the second fiscal quarter of 2021, a huge Wall Street beat attributed in large part to strong growth in iPhone, wearables and services.
Apple will announce its financial results for the second quarter of 2021 on Wednesday, April 28. Here's what to expect from the earnings report and conference call.
Apple came in 46th in a new listing of 100 global companies, behind nearly every other big tech company, in survey results utilizing metrics to determine a company's reputation.
Investment bank JP Morgan believes that several proposed tax rate changes could "almost completely" reverse the benefits of prior tax reductions for Apple.
Analysts are weighing in on the latest smartphone shipment data out of China, which suggests solid demand for iPhone models but casts doubt on a "super cycle."
Apple saw remarkable revenue growth during the holiday quarter and throughout the pandemic, and according to one analyst, that growth will continue through the second quarter of 2021.
Investment bank Morgan Stanley calls recent reports of weaker iPhone demand "supply chain noise," and sees the AAPL pullback as a buying opportunity for investors.
Smartphone shipments in China are experiencing a worse-than-seasonal decline despite starting 2021 off strong, according to investment bank JP Morgan.
Investment bank Wedbush says that the recent Apple stock sell-off creates a "golden buying opportunity" for investors, and predicts that Apple still has a $3 trillion valuation on the horizon.
As part of a wider tech gain, Apple has again crossed the $2 trillion market capitalization threshold, rebounding just one day after it dipped below that mark for the first time in 2021.
Apple's market capitalization closed below the $2 trillion threshold on Monday, after shares dropped more than 4% in intraday trading.
Institutional ownership of Apple stock remained close to an all-time high of 5.5% as 2020 came to an end, though large organizations still underweigh the stock, investment bank Morgan Stanley says.
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