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Apple Services: The Revenue Juggernaut That Leaves Coca-Cola, Netflix And McDonald's In The Dust
Tuesday, May 9, 2023 - 5:26am | 685Apple, Inc. (NASDAQ:AAPL) recently reported better-than-expected March quarter results, and its thriving Services business was credited among the reasons for the outperformance. Services Pack A Punch: Despite Apple being a traditional hardware company, the Services business has now grown to be its...
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Apple's Q4 Results Exceed Expectations As Services Strength Offset Weak iPhone Sales
Thursday, October 29, 2020 - 5:11pm | 693Apple Inc. (NASDAQ: AAPL) announced better-than-expected fiscal fourth-quarter results, as record Services revenues helped offset softer iPhone sales. With the company kickstarting a new product cycle with its 5G-enabled iPhone 12 models, it stated that early reception to its new products has...
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Tech Experts React To Apple's Launch Event: A Strategy Of Selling To Existing Customers
Wednesday, September 16, 2020 - 12:07pm | 526Apple Inc.'s (NASDAQ: AAPL) introduced several new hardware and software products Tuesday, but the key takeaway from the event is how the company is "masterfully upselling" to existing consumers, said Gene Munster of Loup Ventures. Typical Apple Playbook: Apple has been using...
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Apple Reports Big Q2 Earnings Beat, Driven By Record Services Revenue
Thursday, April 30, 2020 - 4:40pm | 264Apple (NASDAQ: AAPL) reported quarterly earnings of $2.55 per share on Thursday, which beat the analyst consensus estimate of $2.26 by 12.83%. This is a 3.66% increase over earnings of $2.46 per share from the same period last year. The company reported quarterly sales of $58.3 billion, which...
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Return Of The iPhone: Sales Boost Apple, Keep Sell-Side Bullish
Wednesday, January 29, 2020 - 1:10pm | 759The iPhone is back. Apple Inc. (NASDAQ: AAPL) posted record revenue on a return to strength in sales of its signature smartphone, returning to profit growth in the first quarter after several quarters of slumping sales that had many wondering whether the iPhone had peaked and Apple might need to...
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Analyst Raises Apple's Price Target To $400 Ahead Of Q1 Earnings
Friday, January 24, 2020 - 2:11pm | 421Apple Inc. (NASDAQ: AAPL) should "handily" beat Wall Street estimates in next week's earnings report after the iPhone maker took advantage of a strong holiday season, according to Wedbush. The Analyst Daniel Ives maintains an Outperform rating on Apple's stock with a price target...
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Apple Stock Rallied This Year, But 5 Analysts Also Turned Bearish
Friday, December 27, 2019 - 5:40pm | 404Shares of Apple Inc. (NASDAQ: AAPL) are poised to end the year with a gain of more than 80%, but the stock will enter 2020 with some skepticism from Wall Street analysts, according to CNBC. 5 Apple Analysts Turn Bearish Apple may be the "king" of large-cap companies, but it has...
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What To Make Of Apple Earnings: Wearables, China And Apple TV+
Thursday, October 31, 2019 - 11:18am | 856Apple Inc. (NASDAQ: AAPL) shares traded higher by 2% on Thursday after the company beat earnings and revenue expectations in the fiscal fourth quarter and guided for better-than-expected sales in the critical holiday quarter. Apple reported 18% Services segment growth and 54% revenue growth in...
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Apple Beats Q4 Earnings Estimates, Services Revenue Up To $12.51B
Wednesday, October 30, 2019 - 4:39pm | 257Apple Inc. (NASDAQ: AAPL) shares are moving higher after posting a fiscal fourth-quarter earnings beat. Earnings came in at $3.03, beating estimates by 20 cents per share. Sales came in at $64.04 billion, beating estimates by $1.05 billion. Services revenue hit an all-time high of $12.5 billion, up...
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KeyBanc Guarded On An iPhone Demand Recovery: 3 Reasons Why
Tuesday, June 18, 2019 - 11:41am | 369Firsthand checks with Apple Inc. (NASDAQ: AAPL) suppliers point to a stabilization in demand for the smartphone, but also give "little optimism" around a recovery in the near-term, according to KeyBanc Capital Markets. The Analyst Andy Hargreaves maintained a Sector Weight...
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How Much Upside Does Apple's Stock Have? Gene Munster Says 70%
Monday, April 29, 2019 - 3:00pm | 453Former research analyst turned venture capitalist Gene Munster has a bold prediction: Apple Inc. (NASDAQ: AAPL) will be the best-performing FANG stock in 2019 and gain more than 70 percent in value over the next two years to trade near $350 per share. What Happened The case for appreciation in...
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Morgan Stanley Talks Apple App Store Trends
Thursday, April 4, 2019 - 3:50pm | 337Data from Sensor Tower shows that Apple Inc. (NASDAQ: AAPL)'s App Store collected $3.7 billion in net revenue throughout the March-ending quarter, which is slightly lower than what Morgan Stanley was modeling. The Analyst Morgan Stanley's Katy Huberty maintains an Overweight rating on Apple...
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Apple As A Service: Analysts Break Down Apple TV+, Apple News+ And Apple Arcade
Tuesday, March 26, 2019 - 11:45am | 1097Apple, Inc. (NASDAQ: AAPL) had one of its most important new service unveilings in recent memory on Monday, giving fans their first glimpse at streaming service Apple TV+, subscription gaming service Apple Arcade and news service Apple News+. Unfortunately for investors, Apple didn't...
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Wedbush Raises Apple's Price Target Ahead Of 'Pivotal' March 25 Event
Thursday, March 21, 2019 - 8:44am | 385Wedbush's bullish case for Apple Inc. (NASDAQ: AAPL) is getting stronger ahead of the March 25 presentation, which is likely to mark a "pivotal step" for the company. The Analyst Wedbush's Daniel Ives maintains an Outperform rating on Apple with a price target lifted from $200 to...
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Cowen Initiates Apple At Outperform, Says Services EPS Can Double By 2021
Thursday, March 14, 2019 - 10:56am | 364Apple Inc. (NASDAQ: AAPL) shares traded higher Thursday following a high-profile initiation from one Wall Street analyst. The Analyst Cowen analyst Krish Sankar initiated coverage of Apple with an Outperform rating and $220 price target. The Thesis Moving forward, Apple Services will supply...