Apple falls short of expectations with $7.7B in profit on sales of 35.2M iPhones, 13.3M iPads

Apple saw double-digit-percentage growth for the iPhone to reach 35.2 million units in its just-concluded June quarter, the company revealed Tuesday, but it still fell just shy of the market's expectations, particularly with declining sales for its iPad lineup.

AppleInsider Staff 11 years ago 178

UBS increases Apple price target to $115, sees gross margins improving in 2015

UBS this week was the latest investment firm to increase its price target for shares of Apple, with a new projection of $115 ahead of this afternoon's June quarter earnings report.

Neil Hughes 11 years ago 10

Earnings Preview: Wall Street expects solid quarter from Apple, but focus is on the fall

While many Apple observers expect the company to reveal solid year-over-year growth for its relatively quiet June quarter, much of the focus will be on new CFO Luca Maestri's guidance for the fall with updated iPhones and iPads on the horizon, the expected closing of the Beats acquisition, and the possibility of a so-called "iWatch."

Sam Oliver 11 years ago 40

Morgan Stanley ups Apple price target to $110, sees sales of up to 60M 'iWatch' units in first year

Strong customer loyalty for Apple's iPhone is predicted by Morgan Stanley to drive a so-called "halo effect" for sales of the company's rumored "iWatch," prompting the investment firm on Monday to increase its price target for AAPL stock to $110.

Neil Hughes 11 years ago 16

Evercore raises Apple price target to $115, predicts sales of 58M iPhones in December quarter

Expecting big things from the anticipated debuts of new iPhones and a so-called "iWatch" this fall, Evercore Partners on Wednesday increased its price target on shares of Apple to $115 — one of the highest current forecasts on Wall Street.

Neil Hughes 11 years ago 47

Driven by promotions & 16 new carriers, Apple seen selling 36.5M iPhones in June quarter

Wells Fargo Securities believes Apple may have just completed yet another record breaking quarter, driven by a forecasted shipment of 36.5 million iPhones for the three-month period ending in June.

Neil Hughes 11 years ago 9

Apple's fiscal Q3 earnings call scheduled for July 22, first with new CFO Luca Maestri

Apple on Monday announced its quarterly earnings call for the third fiscal quarter of 2014 is slated for July 22 and will be the first such event for Luca Maestri since being officially confirmed as the company's new CFO.

AppleInsider Staff 11 years ago 13

JP Morgan sees shares of Apple reaching $108, believes redesigned iPhone will exceed expectations

Investment firm J.P. Morgan became the latest to increase its price target for Apple stock on Tuesday, projecting that the company will be propelled to $108 per share thanks in part to this year's anticipated "iPhone 6" launch.

Neil Hughes 11 years ago 20

Needham raises Apple target to $97, expects Swift programming language to enhance iPhone superiority

Investment firm Needham on Tuesday broke its typical semi-annual schedule and updated its price target for Apple stock to $97, citing stronger than expected iPhone sales and also the surprise announcement of a new programming language called Swift.

Neil Hughes 11 years ago 12

Cowen raises Apple price target to $102, predicts major 'iPhone 6' upgrade cycle

Cowen & Company on Tuesday became the latest Wall Street firm to revise their price target for shares of Apple stock upward, setting a new forecast of $102 ahead of the anticipated blockbuster launch of the company's next-generation iPhone.

Neil Hughes 11 years ago 6

UBS declares Tim Cook the 'right man for the time' at Apple

While some pundits question whether Tim Cook can steer Apple to new successes in a post-Steve Jobs era, investment firm UBS on Monday came out in full support of the Apple CEO, calling him the "right man for the time."

Neil Hughes 11 years ago 26

Apple predicted to sell 'iWatch' to at least 10% of existing iPhone users in 2015

With Apple widely expected to launch a wearable "iWatch" later this year, market watchers have begun to speculate exactly how many wrist-worn devices the company could sell, with one new projection pegging the device with at least 10 percent penetration among iPhone users in the first full year.

Neil Hughes 11 years ago 42

RBC ups Apple price target to $100, sees 'iPhone 6' & new product categories driving growth

Following this week's stock split, RBC Capital Markets sees shares of Apple reaching near-record highs in the second half of 2014, based on the strength of the expected "iPhone 6," as well as hotly anticipated new product categories from the company.

Neil Hughes 11 years ago 16

As Apple holds $138B overseas, US Senate considers one-time tax break for repatriating cash

While Apple in the past has asked the U.S. government for a so-called "tax holiday" that would allow it to bring its massive cash hoard back to America, the iPhone maker may finally get its wish, as both Democrats and Republicans from the U.S. Senate said they are considering a one-time tax break.

Neil Hughes 11 years ago 112

Apple on pace to sell record 39M iPhones in June quarter, survey finds

Continued strong demand for Apple's iPhone has the hot selling handset on pace to set yet another record in the current June quarter, the latest data from Morgan Stanley's AlphaWise survey has found.

Neil Hughes 11 years ago 54

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