Piper Sandler joins post-earnings chorus, hikes AAPL to $343
Focusing less on Tuesday's blockbuster earnings, and more on the potential for the 5G "iPhone 12," Piper Sandler has also increased its Apple stock price target.
Focusing less on Tuesday's blockbuster earnings, and more on the potential for the 5G "iPhone 12," Piper Sandler has also increased its Apple stock price target.
Recapping Apple's $91.8 billion quarter, Cowen is seeing continued strength and earnings power from the company going forward, and has increased its target price for Apple stock yet again.
Apple CEO Tim Cook reported multiple all-time records for the company's services, from the App Store to Apple Pay. He said Apple is "thrilled" about Apple Card's success, and that Apple has plans for all its services.
Following the publication of its first fiscal quarter of 2020 results, encompassing the holiday quarter, Apple provided additional detail surrounding the particulars of the report during an hour-long conference call.
Less than a week before Apple's quarterly earnings report, Bank of America has slightly boosted its target price for Apple to $340.
Morgan Stanley has raised its price target on shares of Apple, voicing its view that investors are under-appreciating the impact this year's 5G-enabled iPhone release is expected to have on the company's bottom line, especially given the roll-out is expected to coincide with a multi-year peak in the number of iPhones due for replacement.
In a roundup of 2019 Services activity, Apple has released few actual figures but emphasizes the integration of all of its offerings into its hardware.
Cowen equity research is raising its convictions on shares of Apple, boosting its price target behind near-term momentum in several operating segments and a belief that market share losses in China could potentially be offset by gains in India.
Optimism surrounding Apple's upcoming 5G iPhone cycle and revenue growth within the company's Services sector helped drive one of the largest sequential increases in institutional ownership of AAPL shares in more than half a decade.
Apple CEO Tim Cook on Wednesday revealed the company's earnings from its Services segment, which includes Apple Music and iCloud, were up 18% in the fourth quarter and have set new records around the globe.
Apple TV+ in conjunction with a 5G iPhone will help accelerate Apple's Services growth to 20% in 2020, with Katy Huberty of Morgan Stanley raising the price target for the iPhone maker to $289.
Analyst Horace Dediu was one of the first analysts to correctly recognize what Apple was accomplishing in mobile computing with the iPhone. He has recently focused on the future of personal mobility — an area Apple has investigated in some depth, although the company hasn't yet revealed a clear strategy. On October 1, Micromobility Europe will discuss the state of the art in Berlin, and AppleInsider has learned that Apple will be in attendance.
Apple is set to have a bullish 2020, Morgan Stanley claims the day after the launch of the 2019 iPhone models, with the aggressive pricing of Apple Arcade and Apple TV+ forming part of Apple's strategy to accelerate its Services revenue growth into next year.
Apple's moves this week regarding Apple TV+ and, more quietly, AppleCare+, suddenly make sense if you suspect the company is heading toward offering us a single all-in subscription package.
On Monday, CNBC compiled the confused thoughts of a Wedbush Securities analyst who doesn't seem to have any grasp on reality whatsoever when it comes to the future — or even present — of Apple.
Apple's reported operational expenses for research and development in the June quarter hit a new all-time high of $4.257 billion, well over twice the quarterly spending it reported in 2015. Apple's aggressive expansion demonstrates the company is building for the future even as its rivals retreat from tablets and smartwatches and fail to keep pace with Apple's aggressive OS updates and custom silicon work.
You can prove anything with statistics, and sometimes it's obvious why you'd try. After Apple made it's usual everything-is-great financial call this week, talking heads are dramatically pointing out that for the first time in seven years, the iPhone accounted for less than 50% of Apple's revenue.
Apple's continuing performance as a market-responsive, commercially savvy innovator is destroying feebleminded media narratives that seek to portray the company as helpless and befuddled. It also demonstrates that the real incompetence lies in bad reporting by sloppy journalists seeking to deliver titillating headlines rather than accurate, factual portrayals of the industry.
Revenues from Services earned double-digit growth' across the world, according to figures released by Apple during its July earnings call with investors and analysts.
Apple's Services arm is set to go under a number of changes that could apply pressure to the company, Macquarie suggests in its pre-Apple results report, with concern over App Store commission revenue from in-app purchases not able to be offset by the iPhone maker's newest subscriptions for the moment.
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