Analysts are continuing to weigh in on the future of Apple's growth following the company's most-recent quarterly report, with Guggenheim Securities claiming the push for higher iPhone ASPs isn't enough, while Loup Ventures insists investors should shift to thinking of "Apple as a Service" rather than a traditional hardware producer.
The iPhone XR will fare far better than the iPhone 8 and iPhone 8 Plus in terms of shipments, Robert Cihra of Guggenheim Securities predicts, but while the low cost could hurt the overall iPhone average selling price, the release will probably help drive demand and fourth quarter revenue.
Apple delivered record revenue in its holiday quarter, but went about it in a way different than investors expected, leaving analysts to rethink their so-called "super cycle" predictions for iPhone X unit sales growth. But with the average selling price of new iPhones soaring to unexpected highs, analysts remain bullish on the company's prospects in the months to come.
Ahead of Apple's December quarter results, analysts have been slashing targets for the company, based on a belief that iPhone sales are slower than expected. But Robert Cihra of Guggenheim hasn't budged on his $215 price target, telling investors on Wednesday that he sees the iPhone X as the start of a multi-year upgrade cycle.
With a better-than-expected iPhone 8 launch quarter, and a highly anticipated debut for the flagship iPhone X, investors on Wall Street are riding high on Apple stock, pushing shares into uncharted territory as analysts increase their forecasts to trillion-dollar market cap levels.
Apple's forecast for its next fiscal quarter was particularly strong, leading market watchers to believe that, in addition to the next-gen "iPhone 7s," the much anticipated "iPhone 8" could be on sale at the tail end of the September quarter in limited quantities, or at the very least in early October.
Led by the blockbuster debut of the iPhone 7 series, Apple exceeded Wall Street's expectations with its holiday quarter, sending shares of the company's stock higher and prompting analysts to revise their price targets upward.
Apple's revenue from China plummeted 26 percent year over year last quarter, and is projected by Sterne Agee CRT to fall 15 percent in fiscal year 2016, as the entire smartphone market faces struggles in that market.
The Apple Watch is expected to be a significant part of Apple's growth story in calendar year 2015, according to research firm Evercore, which advised investors to buy in to AAPL stock ahead of the wearable device's imminent launch.
With a huge number of iPhone owners yet to upgrade to screen sizes larger than 4 inches, Evercore Partners expects major revenue growth for Apple in fiscal 2015 and beyond, and has increased its price target on the company's shares to $135.
Apple exceeded market expectations this week with the results of its record breaking September quarter, leading analysts to heap praise on the company and raise their price targets as it heads into what is expected to be a blockbuster holiday season.
With 4 million iPhone 6 and iPhone 6 Plus units presold in their first 24 hours of availability, investors on Wall Street are increasingly optimistic about the success of Apple's next-generation handsets, with predictions for the upcoming holiday edging higher to 60 million sales in a single 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.
With Apple's annual Worldwide Developers Conference highlighting tight integration between the upcoming OS X Yosemite and iOS 8 platforms, market watchers on Wall Street saw the announcements as a direct shot at Google's competing Android platform.
After the iPod, iPhone and iPad all proved to be "home run" products, the law of large numbers mean it's likely Apple's next new product category may only be a "single" or a "double" — and that's perfectly fine, in the eyes of one analyst.
As shares of Apple continue to trade higher, Evercore Partners on Friday upped its price target for AAPL stock to $700, citing what the firm called "rejuvenated momentum" seen from recent iPhone and iPad product refreshes.