Wedbush remains bullish on Apple after 'bumpy' China results
Investment firm Wedbush says its expectations for Apple are "firmly unchanged" as earnings showed a strong holiday quarter despite a decline in China.
Investment firm Wedbush says its expectations for Apple are "firmly unchanged" as earnings showed a strong holiday quarter despite a decline in China.
Despite an earnings beat for Q1 2024, Piper Sandler believes the iPhone will see continued headwinds leading to a challenging March quarter.
Research and development spending has increased consistently for over a decade at Apple, but it's basically flat year over year for Q1 2024.
Apple reported revenue of $119.58 billion in its first-quarter results for the 2024 fiscal year, with earnings rebounding from the year-ago quarter.
Investment bank Morgan Stanley says Apple's forthcoming earnings call will be "a clearing event," that stops short term concerns and gets investors looking at the company's signs of future growth.
Apple has officially announced that its first quarter 2024 earnings call, covering the holiday period, will be held February 1, 2024.
Economic conditions and product release schedules caused the 34% Mac revenue decline year-over-year, but similar effects are expected to cause strong Mac growth in the holiday quarter.
The Q4 2023 earnings report has arrived with Apple's board of directors declaring a $0.24 per share after another year-over-year revenue decline.
Saying that other analysts have a "negative groupthink mentality" about Apple's iPhone earnings, Wedbush believes the reality is very different.
Investment firm Piper Sandler suggests weak iPhone demand in China and economic headwinds will make Apple's December quarter weaker than expected.
Apple revealed on Wednesday that its earnings for the fourth fiscal quarter will be announced on November 2, along with the usual conference call with CEO Tim Cook and CFO Luca Maestri.
Apple could see a growth in holiday quarter sales, a report claims, but with claims that the change is less about the new iPhone launches and more about the supply chain and a slow holiday quarter in 2022.
Apple has beaten expectations with its latest earnings — although only just — while looking to the future there are predictions of AirTags 2 and disputes over an AppleGPT app.
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.
Apple spent $22.61 billion on research and development through 2023, and CEO Tim Cook confirmed beyond a shadow of a doubt that part of that expenditure is because the company is working on generative AI.
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'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 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.
Samsung continues to get beat up by weak chip demand and a declining smartphone market, reporting a 95% profit drop in its second quarter.
Alongside predicting a healthy but stable Apple quarterly earnings report in August, Goldman Sachs analysts say the iPhone 15 lineup will see greater numbers of users upgrading.
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