If the current stock price holds until opening, and it is likely to, Apple will fall below the $3 trillion valuation after reaching it in the last hours of June, because more than half of the firms giving advice to investors don't know enough about the company, what it sells, and how it does business.
On Thursday, Apple announced its fiscal third-quarter earnings and in a surprise announcement has declared that it has hit the milestone one billion paid subscriptions landmark across Services and the App Store.
Following Apple's latest earnings report edging out Wall Street predictions, the company's board of directors has authorized a new cash dividend for shareholders, payable in mid-August.
Apple has reported its results for the third quarter of 2023 with Services making up for weak iPhone sales, both driving a total revenue of $81.8 billion.
A Russian court this week fined Apple about $4200 for failing to suppress Apple News content about Russia's invasion of Ukraine, equivalent to barely over two seconds of profit for the company.
Apple's third fiscal quarter results will be issued later today, accompanied by the usual call with analysts. Here's what to expect from the results, and what Wall Street thinks of is coming.
Apple CEO Tim Cook says that the company will be donating support to relief efforts following flooding in China's Beijing within the Hebei province.
Apple Savings deposits have hit a landmark $10 billion since inception, fueled by holders sweeping Daily Cash into the high-yield savings accounts.
Apple seems well positioned to drive higher confidence as an "earnings compounder," according to JP Morgan, which has raised its price target to $235 for the end of 2024.
Reed Jobs, son of Apple co-founder Steve Jobs, has launched Yosemite, a $200M venture capital firm taking aim at cancer treatments.
TD Cowen has increased its price target for Apple to $220, with iPhone shipments to emerging markets a "bright spot" in the upcoming Q3 2023 financial results.
Apple's new creative director Graham McDonnell is a long-time industry veteran, with credits spanning both most of big tech, and legacy publications as well.
While Apple may see earnings below Wall Street's expectations on the quarter, the iPhone 15 and strong China results have driven an Apple Stock price target increase by investment bank Piper Sandler.
Apple will "flex the muscles" in its upcoming quarterly results, Wedbush believes, with higher iPhone demand in China expected to be a high point for the period.
Apple supplier Corning has warned third-quarter sales will be below expectations, due to a drop in demand from smartphone producers.
Apple's drive to increase its iPhone presence in India will be financially powerful, leading Morgan Stanley to raise their stock price target for the company.
Apple has declared it will reveal details of its earnings from the second fiscal quarter of 2023 on August 3, accompanied by the usual conference call with investors. Here are the factors that will contribute to the report.
Three months after Apple closed a North Carolina retail store, it has filed permits to start construction on a new location, just a handful of miles away.
While it's not completely clear what the specific topics of discussion will be, Apple CEO Tim Cook is attending a White House dinner on Thursday night with visiting India Prime Minister Narendra Modi, and then the pair will meet again on Friday.
The Canada Pension Plan Investment Board boosted its held Apple shares by 50% in the first quarter of 2023, just after slashing held EV stocks like Tesla at the end of 2022.
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Mike Wuerthele
Evan Selleck
Malcolm Owen
Peter Cohen
William Gallagher
Wesley Hilliard
