Analysts are continuing to weigh in on the future of Apple's growth following the company's most-recent quarterly report, with Guggenheim Securities claiming the push for higher iPhone ASPs isn't enough, while Loup Ventures insists investors should shift to thinking of "Apple as a Service" rather than a traditional hardware producer.
Apple's quarterly results report arriving on Thursday should encourage a great December quarter, both Loup Ventures and UBS suggest, with the average selling price of iPhones anticipated to grow for the important holiday shopping period.
The Apple special event went "largely as expected," claims Loup Ventures analyst Gene Munster, but announcements made during the presentation, such as the launch of the iPad Pro, were "incrementally positive" to Apple's overall story.
Investment bank JP Morgan on Thursday initiated coverage on shares of Apple with an "Overweight" rating and $272 price target, saying it sees "considerable upside" for the company based on its leadership position in the smartphone market and the services it uses to amplify those revenues.
A survey performed by long-time Apple analyst Gene Munster Stores Friday saw shorter customer queues at Apple retail stores, but higher demand for the highest-end model.
if you slept in this morning and didn't get a pre-order of the iPhone XS Max in within minutes of opening, you won't have to wait as long to get your order this year, if Gene Munster's numbers are correct.
Survey of 530 iPhone customers by Loup Ventures sees nearly half seeking to upgrade in the next year, meaning overall iPhone sales could end up higher than expected.
Gene Munster sees growth in China and India leading to a big future expansion, with Apple employing 80,000 customer service employees just at Apple Stores within five years.
Analyst Gene Munster sees Apple Pay as an increasingly important part of Apple's services category, which has enjoyed record-breaking growth over the past few quarters, estimating the payment solution now has 253 million users worldwide.
Apple TrueDepth parts supplier Lumentum reported better than expected results for the June quarter, with anticipated order volume suggesting the depth-sensing camera system will arrive on three new iPhone models this year, according to analyst predictions.
After Apple's quarterly financial announcement trounced expectations in most regards, investors and analysts have weighed in on what's next.
Apple could release a highly rumored augmented reality wearable in 2021, according to a note from Loup Ventures analyst Gene Munster discussing product categories the iPhone producer could pursue, with the rumored 'Apple Glasses' predicted to sell over 10 million units in its first year.
While services will continue to grow into a massive entity on its own, longtime analyst Gene Munster says that the iPhone will remain a "stable business for the next few years."
The way investors should treat Apple stock has changed, analyst Gene Munster insists, suggesting the company is now entering a "new paradigm" where Apple needs to be looked at more as a service provider than as the producer of iPhones and other hardware.
Negative comments from two Apple suppliers about the next iPhone generation could hamper investor expectations for the next quarter, suggests Gene Munster of Loup Ventures, but predictable iPhone sales make this only a near-term risk instead of a long-term problem.
A new survey from Gene Munster's Loup Ventures found 89 percent of smart speaker owners are satisfied with their device, but despite coming packed with virtual assistant technology, most use the to play music or check the weather.
Apple delivered record revenue in its holiday quarter, but went about it in a way different than investors expected, leaving analysts to rethink their so-called "super cycle" predictions for iPhone X unit sales growth. But with the average selling price of new iPhones soaring to unexpected highs, analysts remain bullish on the company's prospects in the months to come.
Customers looking to buy an iPhone X post-Christmas should have little problem, as new data shows the device in stock at as many as 97 percent of U.S. Apple stores.
With next-day delivery of the iPhone X achieved in the U.S., one analyst believes Apple will completely catch up with demand for the hot selling handset worldwide by mid January, potentially setting the company up for big sales to kick off 2018.
Not content with just Apple Music subscriptions, a new prediction says Apple could be gearing up for an "all in one Apple video and music offering," offering original content for a monthly fee within the next two to three years.
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Malcolm Owen
Stephen Silver
Mikey Campbell
Neil Hughes
Roger Fingas
Mike Wuerthele
