Cowen and Company has raised its Apple stock price target to $180 and has revised its Apple estimates upwards across the board after the company's Q2 2021 earnings beat.
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.
After a year of sub-$100 predictions for Apple stock, Goldman Sachs' Rod Hall has upped his 12-month price target to $130 from $83 after Apple posted another profound earnings beat for the second quarter.
Tim Cook believes that many companies will continue to employ workers remotely even after coronavirus numbers decrease.
Following the release of Apple's record second quarter numbers, the company revealed its services segment has grown to 660 million paid subscriptions.
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 on Tuesday released new iPad Pro and iMac devices powered by the M1 chip, along with AirTag, a refreshed Apple TV 4K, a new podcasting service, and a purple iPhone 12. Here's what analysts thought about the Apple event.
Apple in the coming months may reveal new details or information "laying the groundwork" for the rumored "Apple Car," according to one analyst.
Investment bank Wedbush is expecting the "Spring Loaded" Apple Event to focus on iPad models but says that "a few surprises" could also be in the works.
JP Morgan believes investors are primed for softer AAPL earnings results in Q1 2021, but believes that Mac and Services could still drive upside.
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."
Microsoft has acquired speech recognition systems company Nuance in an all-cash deal valued at $19.7 billion, giving it control over the firm that helped Apple process Siri queries.
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.
It should come as no real surprise that Apple Chief Executive Tim Cook says he'll "probably" leave the company within the next 10 years, given that the man is 60. But, it does raise the question of who is in line to replace him — AppleInsider ranks the current best options.
With Apple predicted to sell a record-breaking 240 million iPhones in 2021, Wedbush has named AAPL one of its top technology stocks heading into the earnings report season.
Investment bank Cowen believes Apple News+ is a key pillar in growing Apple Services, and forecasts that it could reach 19 million paid subscribers by 2023.
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Mike Peterson
Amber Neely
Will Shanklin
Neil Hughes
Malcolm Owen
