While the coronavirus is having impacts on the supply chain, Wedbush is holding fast on its $400 Apple stock target price and sees Apple's iPhone growth story continuing later in 2020.
While industry observers are clearly seeing a short-term financial and business impact from the coronavirus outbreak in China, the first analysts chiming in on the situation don't have long-term concerns surrounding Apple's financial prospects.
Berkshire Hathaway, Warren Buffett's investment fund, has reduced its holdings in Apple over the last quarter, offloading in excess of $800 million worth of Apple stock over a three-month period, but it still maintains its position as the iPhone maker's biggest shareholder.
Apple may be shifting production of the "iPhone SE 2" to Taiwan while "iPhone 12" production could slip behind schedule, according to questionable speculation from within the supply chain.
Six of Apple's Irish entities will now be required to make certain financial information publicly available, thanks to the company shifting to "limited" status.
Since 2012, Apple has been buying back its shares at an extraordinary rate, often exceeding $10 billion— and frequently approaching $20 billion— per quarter. Now that its stock has doubled across the last year, why is it continuing to snap up shares?
The iPhone XR led the way to Apple becoming the fastest growing premium smartphone brand for the year in the country.
Apple Music rival Spotify's efforts to push for podcasts is paying off, reporting in its Q4 financial results a 200% year-on-year rise in the listening of the shows, with the streaming music service still retaining the top spot globally with more than 124 million paying subscribers.
Apple has begun talks with banks and credit companies in Israel, hoping to bring Apple Pay to the country— but Apple's commission fee may present a problem.
Japan Display has been given a much-needed bailout, agreeing on Friday to an investment of up to 100.8 billion yen ($926 million) from Ichigo Asset Management, funds that will help keep the beleaguered Apple supplier in operation.
Focusing less on Tuesday's blockbuster earnings, and more on the potential for the 5G "iPhone 12," Piper Sandler has also increased its Apple stock price target.
Apple's biggest holiday quarter revenue ever is also a record-setter in a number of respects, with growth across nearly every one of Apple's market segments. AppleInsider drills down into the numbers, and puts them in perspective, to show just how well the iPhone maker did in the last quarter.
The most bearish Apple analyst on the Street is parting ways with Rosenblatt Securities, and as a result the firm said it will be ceasing its coverage of the iPhone maker.
Recapping Apple's $91.8 billion quarter, Cowen is seeing continued strength and earnings power from the company going forward, and has increased its target price for Apple stock yet again.
The morning after Apple's record-breaking holiday quarter results were published, J.P. Morgan analysts are reconsidering the value of the company's business with a dramatic increase in Apple stock target price.
Apple's wildly popular iPhone 11 helped drive record revenue growth in the first fiscal quarter of 2020, with the handset sitting at the top of company sales charts every week during the important December quarter.
Apple has reached its highest install base ever with more than 1.5 billion active devices in use by customers around the world, a jump from 1.4 billion devices clocked a year ago.
Following the publication of its first fiscal quarter of 2020 results, encompassing the holiday quarter, Apple provided additional detail surrounding the particulars of the report during an hour-long conference call.
Apple generated $91.8 billion in revenue for the first quarter of its fiscal 2020 with an earnings per share of $4.99, financial results revealed on Tuesday, making for the company's best performance in history.
As Apple gets ready to report its 2020 Q1 earnings, the Wall Street Journal has switched its gears from incessantly claiming that the company was 'headed for a prolonged slump' to backhandedly acknowledging that its coverage of Apple has for years been totally wrong. But, it has yet to take responsibility for its role in stringing together false media narratives of doom that portrayed Apple as being on the verge of collapse.
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Mike Wuerthele
Malcolm Owen
Amber Neely
Daniel Eran Dilger
