RBC reiterates $150 target for Apple stock, expects huge 'iPhone 6s' launch

Amid continued losses for Apple stock, investment firm RBC Capital Markets has remained steadfast with its $150 price target, once again on Tuesday advising investors to buy in ahead of the anticipated "iPhone 6s" product launch.

Neil Hughes 10 years ago 47

Apple stock falls below 200-day moving average, drags down Dow Jones Industrial Average

Since it was added to the Dow Jones Industrial Average in March, Apple has been a weight on the index, accounting for 14 percent of its losses in the last four and a half months.

Neil Hughes 10 years ago 87

Apple announces first sterling-denominated bond valued at $2B US

In a filing with the U.S. Securities and Exchange Commission on Friday, Apple announced its first-ever sterling-denominated bond issuance set at 1.25 billion pounds, or nearly $2 billion.

Mikey Campbell 10 years ago 27

As Apple's offshore cash pile reaches $190B, US Congress moves closer to multinational tax reform

Apple, Google, and other major U.S.-based multinationals may soon be able to bring more of their foreign-earned income back to American shores without facing a huge tax burden, as lawmakers are moving forward on a tax reform framework that could eliminate taxes on international earnings and authorize a one-time repatriation holiday.

AppleInsider Staff 10 years ago 109

Market watchers see buying opportunity as Apple shares slide after June quarter miss

Lofty expectations were beyond the reach of Apple last quarter, sending shares tumbling more than 7 percent. But a number of bullish analysts see the stock pullback as a buying opportunity for investors, who can get in at a cheaper price before the launch of new iPhones.

Neil Hughes 10 years ago 61

Apple's quarterly R&D spending soars past $2B mark for first time

Apple's operational expenditures on research and development activities surpassed $2 billion for the first time ever during the company's third fiscal quarter of 2015, a number equal to 4.1 percent of total net sales.

Mikey Campbell 10 years ago 22

Apple's Chinese revenues surge 112% in Q3 to lead worldwide growth

Apple's Chinese revenues shot ahead 112 percent year-over-year during the June quarter to over $13.2 billion, reflecting the growing importance of the country to Apple's bottom line even as other regions also showed significant growth.

Roger Fingas 10 years ago 10

Notes of interest from Apple's Q3 2015 conference call

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.

Neil Hughes 10 years ago 12

Apple sells 47.5M iPhones in record-breaking Q3, revenue jumps 33% to $49.6B

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.

Sam Oliver 10 years ago 187

Analysts bullish ahead of Apple's Q3 results, say iPhone sales could reach 50M+

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.

Roger Fingas 10 years ago 32

UBS forecasts iPhone ASP at $660, pushing Apple's June margins to 40.9%

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.

Neil Hughes 10 years ago 28

iPhone will outperform market expectations, pushing shares of Apple to $185, FBR says

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.

Neil Hughes 10 years ago 21

Driven again by China, Apple's iPhone shipments expected to hit 51M for June quarter

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.

Neil Hughes 10 years ago 41

Sales of 53M iPhones in June quarter predicted to help propel Apple stock to $170, Brean Capital says

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.

Neil Hughes 10 years ago 35

UBS calls Apple 'the Shake Shack of technology,' advises investors to buy in

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."

Neil Hughes 10 years ago 27

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