Apple's commitment to design and constant evolution for the last 20 years has resulted in incredibly dull earnings even through COVID's peaks, but also phenomenal growth for its long-term investors.
Berkshire Hathaway CEO Warren Buffett believes Apple offers a highly desirable product in the iPhone, one that consumers would give up a second car to keep.
Even though Apple posted earnings weaker than the year-ago quarter, the company surpassed what Wall Street expected it to deliver. As a result, analysts are optimistic about the company's resilience.
Apple CEO Tim Cook gave encouraging results for its Services business, saying the company is nearing one billion paid subscriptions, nearly double from three years ago.
One year after introducing a $90 billion stock buyback program, Apple has launched another to recover an extra $90 billion of common stock.
Apple earned $94.8 billion in revenue in its second quarter of 2023, with earnings buttressed by iPhone sales beating the expectations of analysts and investors.
Apple's Q2 2023 fiscal results will be released on May 4, followed by the standard call with analysts over the figures. Here's what to expect, and what Wall Street forecasts for the results.
Apple is predicted to have a drop in revenue year-over-year for Q2 2023, according to TD Cowen, with results forecast to show declines in iPhone, iPad, and Mac for the quarter.
The iPhone will be a steady and stable revenue generator for Apple's second fiscal quarter of 2023, according to analysts at Wedbush, with increased demand in China helping prop up the earnings.
While Apple's second-quarter results are expected to meet Morgan Stanley's estimates, investors should look beyond a potentially poor June quarter result, and not panic.
Samsung is cutting down its chip production after forecasting a 96% first-quarter decline of operating profit, caused by a glut of RAM and flash inventory and bad sales.
Apple has declared it will be revealing details of its earnings from the second fiscal quarter of 2023 on May 4, accompanied by the usual conference call with investors. Here are the factors that will contribute to the report.
Apple products continue to be highly desirable for teenagers, with a survey finding 87% of teens own an iPhone and 88% expecting it to be their next smartphone choice.
Wedbush has increased its price target for Apple from $190 to $205, based on seemingly positive checks indicating strong iPhone demand for the quarter.
Citing signs of rebounding demand for iPhones in China, expected new products, and an anticipated rise in services, Wedbush has again raised its Apple stock price target.
The National Legal and Policy Center is using its power as an Apple shareholder to propose removing Al Gore and CEO Tim Cook from the board of directors during the March 10 shareholder meeting.
Apple continues to be the best stock pick among computer producers, according to Morgan Stanley, with the overall PC market hitting its lowest point in about two decades.
Warren Buffett's Berkshire Hathaway continues to increase its stake in Apple stock, adding 333,856 shares in Q4 2022.
Apple has hauled in $117.15 billion in revenue for its first quarter results of 2023, with the earnings impacted by both an economic downturn and Chinese factory issues.
Apple's holiday quarter results will be lower than 2021, according to Cowen, with "softness" expected due to iPhone shipments impacted by Chinese lockdowns.
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Malcolm Owen
Andrew Orr
William Gallagher
Wesley Hilliard
