Record setting sales of the iPhone pushed Apple to its best June quarter ever, with profit of $10.7 billion. Following the announcement, executives from the company participated in a conference call with analysts and the media, and notes of inventory follow.
Apple continued its record breaking streak on Tuesday, posting its highest ever June quarter earnings with revenue of $49.6 billion, led by sales of 47.5 million iPhones and 4.7 million Macs.
Analyst sentiment is generally high ahead of Apple's third-quarter earnings announcement — due on Tuesday — calling for numbers that could beat both official guidance as well as Wall Street consensus, mostly on the strength of iPhone sales that could near or top 50 million.
Investment firm UBS revealed on Thursday that it has high expectations for Apple's gross margins in the just-concluded June quarter, predicting they will reach nearly 41 percent on outstanding sales of the jumbo-sized iPhone 6 Plus.
Recent struggles for Apple stock are based on unfounded fears out of China, FBR Capital Markets said on Tuesday, telling investors it believes the "speed bump" will be over soon as strong iPhone sales continue.
Apple is poised to announce yet another record breaking quarter, the latest research from investment firm UBS suggests, with iPhone sales once again driven to new heights thanks largely to growth in China.
Apple's June quarter will come in higher than most on Wall Street expect, Brean Capital told investors on Monday, revealing it expects the company to have sold as many as 53 million iPhones in the three-month period.
In making its case for investors to buy Apple stock, investment bank UBS this week made an interesting analogy, comparing the iPhone maker to growing fast food restaurant Shake Shack, saying the two companies are responsible for "the era of consumer experience."
Apple on Monday announced it will reveal financial results for its third fiscal quarter of 2015 on July 21, to be followed by a conference call potentially offering insight into the sales performance of the company's newest product category, the Apple Watch.
RBC Capital Markets has raised its Apple revenue forecasts for 2015 and 2016, arguing that iPhone demand could beat expectations for some time into the future, and that people are skewing towards buying more expensive, higher capacity iPhone models.
Demand for Apple's flagship iPhone 6 and iPhone 6 Plus remains extremely strong, even as the product cycle begins to wind down, while consumer interest in the Apple Watch is outperforming the first iPhone, new data reveals.
Apple is expected to announce a new subscription streaming music service at WWDC next week, but investment bank Piper Jaffray expects that the pay-to-play Spotify competitor will bolster the iPhone ecosystem much more than it will pad Apple's bottom line.
Fortune on Thursday published the 2015 edition of its annual Fortune 500 list, as last year ranking Apple fifth among U.S. corporations in terms of revenue, largely on the sales of iPhones and Macs.
In a filing with the U.S. Securities and Exchange Commission on Thursday, Apple revealed that it has raised 250 billion yen through its first-ever Japanese bond offering, which is the equivalent of $2 billion U.S.
Apple could issue 200 billion yen, or $1.62 billion U.S., in Japanese bonds as soon as June, marking its first ever debt sale in the country, a report said on Tuesday.
Projecting that iPhone sales will again top 50 million in the current June quarter, investment firm Cowen and Company raised its price target on Apple stock to $140 on Tuesday, on continued strong sales of the flagship iPhone 6 and iPhone 6 Plus.
Billionaire investor Carl Icahn argued in a Tuesday TV interview on Tuesday that Apple will indeed make and sell a television set, despite a new report claiming that the company abandoned the project over a year ago.
In his latest open letter to Apple Chief Executive Tim Cook, billionaire activist investor Carl Icahn has said he believes shares of the company should currently be trading at more than $100 higher than their current valuation.
On May 14, Apple will pay shareholders of record a quarterly dividend of $0.52 per share, but investors must have settled ownership of the company's stock by Monday, May 11, in order to qualify.
The $178 billion in cash reserves Apple held at the end of 2014 was more than aggregate of every other non-financial U.S. industry sector, excluding the technology and medical industries, according to a Moody's Investors Service study released on Thursday.
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Neil Hughes
Sam Oliver
Roger Fingas
AppleInsider Staff
Daniel Eran Dilger
