Apple (AAPL) CEO Tim Cook made it clear that Apple is growing its AI investments, both in infrastructure and personnel, and multiple analysts raised their price target following the iPhone maker's quarterly results.
Consumers rushed to buy iPhones and Macs in April due to fears of tariff-induced price hikes. The panic buying drove strong iPhone sales and pushed Apple's Q3 revenue to $94 billion.
Richard Clode, Janus Henderson Investors portfolio manager, joins 'Money Movers' to discuss the 'Big Tech' sector earnings, Apple's outlook and CapEx spending.
I am upgrading Apple Inc. to a buy with a $240 fair value, as China risks fade and AI progress gains focus. AAPL Q3 FY25 results showed strong 9.6% revenue and 12.2% EPS growth, with robust iPhone and double-digit services growth. Apple's expanding services ecosystem and upcoming AI-driven Siri enhancements will be key growth drivers moving forward.
As AAPL pops on earnings, ETFs like GXPT, VGT, FTEC and others could see an upside given their Apple-heavy portfolios.
Apple delivered 9% YoY net income growth, driven by strength across major markets and product segments, especially iPhone and Mac. The company remains disciplined on expenses, outperforming peers in operational efficiency despite being excluded from the AI bubble. Apple's robust balance sheet supports aggressive shareholder returns, including a $100 billion buyback and steady dividend, though valuation remains lofty.
Following Meta and Microsoft, the earnings bonanza continued for the market's biggest players, with Apple and Amazon next on the docket. Both beat out Wall Street estimates, sloughing off any notion that tariffs could negatively impact their final Q2 results.
Apple (AAPL) posted record June quarter revenue as iPhone sales topped Wall Street estimates. Jenny Horne goes under the hood on the Mag 7 earnings report, highlighting a record-high services segment revenue number.
Apple Inc. NASDAQ: AAPL delivered a blowout earnings report after the market closed on July 31. That's not showing up in the company's stock price.
Apple Inc. (NASDAQ: AAPL) earnings exceeded almost all expectations.
Apple's Q3 revenue of $94B beat expectations, driven by strong demand even in a seasonally weak quarter. Guidance for the September quarter is optimistic, with mid- to high single-digit revenue growth and robust service revenue expansion. Gross margins forecast remain healthy at 46-47%.
Apple Inc's (NASDAQ:AAPL, ETR:APC) quarterlies dropped after hours and there's a lot for UK investors to chew on, especially those with exposure through ISAa and tech-heavy funds. First up, Wedbush's analysts call the quarter a “statement moment” for Apple.