Apple Inc (NASDAQ:AAPL, ETR:APC) continues to show strength in its Services business, with global App Store revenue estimated to have increased by 12% year-over-year in June, according to Bank of America analysts. The firm maintains its ‘Buy' rating on Apple and $235 price target, pointing to strong capital returns, leadership in on-device AI, and ongoing revenue diversification within the App Store.
Apple (AAPL) iPhone sales in China rose 8% year-over-year in the second quarter, the first period of quarterly growth in the country since 2023.
Here's why partnering with Anthropic or OpenAI might be Apple's saving grace. Transcript: CAROLINE WOODS: We have Apple reportedly weighing using Anthropic or OpenAI to power Siri.
Apple (AAPL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Apple's Services revenue hit a record $26.6 billion in Q2-FY25, with gross margins topping 75%. The 2.4 billion-device ecosystem drives loyalty and cross-selling, with over 1 billion paid subscriptions globally. Services growth outpaced total revenue, up 12% YoY, despite a 2% Forex headwind last quarter.
I track 50 high-quality dividend growth stocks to identify opportune investments, updating valuation ratings daily to focus on attractive opportunities. In this turbulent year, my investable universe kept up with SPY and outperformed SCHD year-to-date, with a gain of 5.63% compared to 5.72% and -2.13%. This month, 18 stocks had valuation rating changes; 5 were upgrades, including Paychex with an attractive expected return.
Apple got an upgrade from Jefferies analyst Edison Lee on the potential to outperform expectations for the June quarter but the cheer isn't expected to last.
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An Jefferies analyst thinks Apple's stock could see ‘stable' performance, but he voices concerns about tariffs and future sales in his latest upgrade to a hold rating.
Carter Worth, Worth Charting, joins 'Fast Money' to talk the technicals on Apple and how he suggests playing the stock in the short-term.
Craig Moffett is sour on the iPhone maker for a host of reasons, from tariffs to China sales to AI.
Despite recent underperformance and headwinds, I maintain a Strong Buy rating on Apple Inc. stock due to its resilient financials and undervalued stock price. Apple's ecosystem, brand strength, and stable revenue streams justify AAPL stock's premium valuation versus peers, even as iPhone sales and AI delays weigh on sentiment. Regulatory clarity in Europe and potential AI acquisitions (e.g., Perplexity) could reignite innovation and offset risks from Google search deal uncertainty.