New Street Research drops iPhone down to "sell," arguing that the iPhone X's popularity will negatively impact the upgrade cycle. It's a striking reversal from the analyst conventional wisdom of just a few months ago.
Financial mogul Warren Buffett's Berkshire Hathaway loaded up on shares of Apple in the second quarter of 2018, increasing the fund's position to nearly 252 million shares at the end of the three-month period.
This week on the AppleInsider Podcast, William and Mike talk about Apple's earnings call and how the firm may or may not be the world's first trillion-dollar company. Mike also finds a way to manage our expectations about the forthcoming Mac Pro and then breaks William's heart over the future of keyboards.
Following a $23.5 billion buyback in the March quarter, Apple discreetly bought up another $20 billion of its own shares off the open market in the June quarter, taking advantage of the continued, vapidly ignorant noise generated by analysts and financial news sites who bizarrely wondered aloud for months when and how Apple might "kill" the most advanced, commercially successful smartphone it has ever produced.
Apple's capital outlay for research and development operations continued to balloon in its third fiscal quarter of 2018, with the company spending $3.7 billion on future products and services, up $760 million year-over-year.
Apple set a new high for the June quarter on the back of a premium-priced iPhone lineup anchored by iPhone X, as well as continued growth in the services segment. Following the publication of its third fiscal quarter 2018 results, the company provided additional detail on the record-setting performance in an earnings conference call.
Apple's revenue for the third quarter of the fiscal year 2018 hit $53.3 billion, the company revealed on Tuesday, with it and the earnings-per-share of $2.34 growing year-on-year, and iPhone sales of 41.3 million units.
Katy Huberty from Morgan Stanley has raised her iPhone sales and revenue forecast for the current quarter, while also predicting strong services growth for the foreseeable future — and has dramatically increased AAPL's price target as a result.
As expected, high-end wireless speaker maker Sonos has filed for an initial public offering on the Nasdaq, hoping to raise as much as $100 million as it tries to fend off new rivals such as Apple's HomePod, and Echo speakers by Amazon.