Wedbush raises 'resilient' Apple stock price target to $250
Wedbush continues to be impressed by Apple, raising its price target for the iPhone maker from $240 to $250, a second rise in a three-month period.
Wedbush continues to be impressed by Apple, raising its price target for the iPhone maker from $240 to $250, a second rise in a three-month period.
In Apple's latest earnings report, CEO Tim Cook says that Services had their best revenues ever, and that iPhone revenues hit a quarterly record.
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.
Analysts at investment firm Wedbush have raised their Apple target price by $15, based on predictions of success for the Vision Pro headset, iPhone 15 range, and Apple services.
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.
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.
Carriers in the US offer free perks for choosing them as your wireless provider. Here's how to check for unclaimed benefits for Apple Services on your iPhone and iPad.
The profitable Apple Services business generates more revenue than Intel, American Airlines, and massive US companies.
Amidst a downturn in most hardware categories, Apple set a new record for its Apple Services business, beating Wall Street's expectations for the segment.
Despite seeing its Services arm grow at a steady pace over the years, analysts believe Apple is still considered a device producer, with middling take-up of its various non-hardware elements by customers.
While retaining its advice to buy Apple stock, Rosenblatt Securities has reduced its target price by $24, citing iPhone production delays and "macro services headwinds."
As senior vice president of Apple Music, Apple TV+ and more, Eddy Cue is celebrating a milestone number of subscribers, and what he describes as a 'groundbreaking year' for apps, music, TV.
Peter Stern, an Apple executive who helped build Apple TV+ business operations, is leaving Apple amid reorganization.
Apple services growth has slowed to single-digit percentages, all while the company seeks new revenue sources from subscription price hikes, advertisements, and new developer fees.
The number of people paying for subscriptions on Apple platforms now exceeds 900 million, up from 816 million one quarter ago.
Apple has shared a new ad spot promoting its Apple One bundle, which includes a number of the company's services at a discounted monthly rate.
Apple continues to see growth in Services across iCloud, music, Apple TV+, and the App Store, reaching a record 816 million in Q3.
Investment Bank Morgan Stanley says that Apple's path to a $3 trillion market valuation will stem from the company's user base and an increasing shift to a subscription model.
Apple is likely to hit Wall Street expectations when reporting its June quarter earnings despite macroeconomic headwinds, according to Wedbush.
Apple isn't likely to see significant effects on its 2022 growth despite macroeconomic challenges in the June quarter, according to investment bank Wedbush.
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