Apple Inc. (AAPL)
Apple App Store revenue ticks up despite falling downloads
Apple Inc (NASDAQ:AAPL, XETRA:APC) App Store revenue rose 0.6% year-over-year in the first 35 days of its fiscal fourth quarter to $3.4 billion, up from $3.38 billion in the same period last year, according to a note from Bank of America. Total downloads across iPhone and iPad fell 4% year-over-year to 3.3 billion over the same stretch, while App Store dollars per download climbed 4.7% to $1.02, BofA said, citing data from SensorTower.
Apple: Trouble With The Curve
Apple Inc. receives a Hold rating with a $339 price target, reflecting concerns over valuation versus mega-cap peers. Despite strong Q3 results and robust Services growth, AAPL's premium multiple is not justified by near-term ROIC or EPS growth. iPhone and Services segments drive top-line potential, but margin pressures and high R&D investment limit operating leverage.
OpenAI Seeks Dismissal of Apple Trade Secrets Lawsuit
OpenAI asked a judge to dismiss Apple's lawsuit accusing the company of stealing trade secrets. The artificial intelligence startup said Apple's claims have no merit, and its lawsuit falsely portrays its employees' actions, according to documents filed Wednesday (Aug. 5) by OpenAI in federal court.
OpenAI says Apple's own security practices undermine its trade secrets case
OpenAI's motion to dismiss Apple's trade secrets lawsuit, along with newly filed exhibits, reveals the company's legal defense strategy. Rather than focusing on whether former Apple employees working at OpenAI had accessed certain information, the AI company argues that Apple's own security practices and offboarding procedures weaken its claim that the information qualifies as legally protected “trade secrets.
How Bi-Modality Is Percolating Up Into Macro Markets
Last month in this forum I alluded to “canaries” in the coalmine (see here) , referring to the high implied volatility on options of stocks like Micron (MU) and SpaceX (SPCX). One working hypothesis was that assisted by leverage (both direct and via ETFs that provide this leverage) the market is currently amplifying “bi-modality”, which basically means a schizophrenic pricing of return outcomes that differ significantly from each other- akin to the outcomes of a coin flip.
Apple: Big Tech's AI Boom Offers Mixed Blessings
Apple Inc. (AAPL) delivered record Q3 revenue and cash flow, yet shares fell over 7% due to cautious guidance and AI-related cost pressures. AAPL's disciplined AI strategy preserves free cash flow but leaves it lagging in AI monetization, with unclear revenue impact from new AI features. Component inflation and supply constraints, driven by the industry-wide AI boom, are compressing margins and limiting device production into Q4.
Apple's Selloff Is Overdone
Apple's installed base surpassed 2.5 billion active devices, supporting record upgrade rates, new customer growth, and expanding long-term Services monetization opportunities. Services revenue reached a record $30.7 billion with a 75.6% gross margin, nearly double Products' 40.1%, strengthening recurring earnings quality. Analysts expect EPS growth of 8.0% in FY27, accelerating to 17.1% by FY29, while forward P/E declines from 35.1x to 24.7x.
Apple: I'm Selling Puts Into The Worst Post-Earnings Drop Since 2013
Apple (AAPL) saw a sharp post-earnings selloff despite beating revenue and EPS estimates, driven by market misinterpretation of supply timing as demand weakness. AAPL's fundamentals remain strong: double-digit YoY growth across major product lines, robust cash flow, and significant buybacks, with only minor misses in services and Greater China. I see the memory supply squeeze as cyclical and believe Apple's pricing power and strategic AI positioning will provide a future margin advantage over peers.
Apple asks judge to slam breaks on OpenAI's hardware ambitions, latest twist in high-stakes suit
OpenAI said Apple now admits its outside lawyers emailed the wrong man after mixing up two Asian surnames and the company only came clean once OpenAI pointed out the blunder.
Apple: The AI Tollbooth Just Went On Sale
Apple delivered record Q3 results with 16% revenue and 29% EPS growth, yet shares sold off on supply-constrained forward guidance. AAPL's demand remains robust across iPhone, Mac, and Services, with supply chain bottlenecks, not demand weakness, driving conservative guidance. I remain bullish on AAPL, viewing the sell-off as a buying opportunity, given accelerating operating cash flow, ramped R&D, and strategic AI positioning.
Analysts update Apple stock price target
As Apple Inc. (NASDAQ: AAPL) stock fell by more than 9% over the past five days after mixed earnings results, several Wall Street analysts have set varied targets for the next 12 months.
Apple: A Price That Leaves Nothing For The Buyer
Apple Inc. delivered a headline earnings and revenue beat, but the stock fell 7% as the market repriced its premium multiple. Gross margin of 50.1% was inflated by tariff refunds, and Services revenue missed estimates, undermining the premium valuation thesis. AAPL trades at 35x forward earnings with just 8% EPS growth, yielding a PEG of 3.2—an unsustainable premium absent reacceleration.
