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.
Ahead of earnings, GBH Insights' Daniel Ives sees 42 million iPhones sold, and no big surprises — but predicts the real story is what Apple forecasts for 2019 demand.
In its upcoming results call, Apple will likely announce 41.6 million in June-quarter iPhone shipments, one analyst claimed on Thursday.
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.
Apple is scheduled to report quarterly earnings for the third quarter of 2018 at the end of trading on July 31, while an ensuing investors conference call will provide details of the three-month period.
The Walt Disney Company has agreed to raise its offer to buy assets from 21st Century Fox, in order to fend off an all-cash offer from Comcast in the high-stakes media bidding war.
Tech companies, including Apple, take up a large percentage of the index's value, as well as its growth, leading some observers to question whether Big Tech has gotten too financially powerful.
New developer guidelines released during WWDC set new rules for cryptocurrency apps distributed through both the iOS and Mac App Stores.
Next week on June 14, rockstar analyst Horace Dediu of Asymco and the Technorati will be presenting "The Goose That Lays The Golden Eggs," a first of its kind investor summit discussing the fundamentals of Apple as a business and its recurring revenue model.
On a day of a software-focused Apple event with no Wall Street pleasing hardware announcements, the company's stock continues to climb, and reaches a new end-of-day high.
Google squeaked past Apple by a mere $1.5B to top this year's list of most valuable global brands, as reported by the world's largest brand equity database.
Apple's Services business is vastly undervalued by the market, and not considered part of the larger whole by investors according to investment bank Morgan Stanley.
Sony has announced it will be buying a controlling stake in EMI Music Publishing as part of the company's plan to increase its revenue from streaming media services like Apple Music.
Even with continued growth, Apple has slipped to fourth place in this year's Fortune 500 chart, which ranks the biggest U.S.-based corporations in terms of revenue.
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.
David Tepper's fund sold its entire Apple stake in the first quarter, worth up to $833 million.
Berkshire Hathaway is now Apple's third-largest shareholder, financial mogul Warren Buffett has confirmed.
A new analysis ranks CEOs by average monthly revenue growth during their tenure — and Tim Cook clearly holds the top spot beating all comers including Amazon, Google, and Facebook.
{{ summary }}
Mike Wuerthele
Malcolm Owen
Stephen Silver
Roger Fingas
Mikey Campbell
Daniel Eran Dilger
