Ivan Feinseth is bullish on Apple (AAPL) despite some disappointment in its latest earnings report. He believes the A.I.
Apple's (NASDAQ: AAPL) share price has slipped since the company released its Q3 2024 earnings, with concerns about its revenue forecast seeming to impact the stock.
Despite the market getting spooked on Halloween causing the Nasdaq exchange to plunge 512 points, or 2.8%, on tech stocks getting routed, Apple (NASDAQ:AAPL) stock fared slightly better after earnings. It dropped only 1.8%, but that should be a temporary situation.
Oppenheimer's Martin Yang points to Apple's (AAPL) iPhone sales topping $46 billion and growing sales in China as signs of the company's tech dominance. He believes Apple's supercycle is still intact, expecting the average consumer to buy its new model, despite the company's sluggish rollout of Apple Intelligence.
Apple's (NASDAQ: AAPL) latest earnings report can best be described as chaotic. The company announced strong iPhone sales figures overall but also revealed lacking demand in China and a major one-time net income hit from an E.U.
Apple Inc. NASDAQ: AAPL delivered a double-beat in its quarterly earnings, including posting a record quarter for iPhone sales revenue. However, AAPL stock dropped over 1% following the report.
Mizuho's Jordan Klein and TD Cowen's Andrew Sherman discuss the key takeaways, positive and negative, from Apple and Amazon's latest earnings, and highlight other tech names on their radar.
Investors on Wall Street could see some respite after major indices registered a downbeat session on Thursday. Index futures point to a positive start on Friday, ahead of the crucial monthly report on jobs data.
24/7 Wall St. Insights The latest quarterly results reveal that Apple Inc.
Meta, Apple, Alphabet and Amazon are included in this Analyst Blog.
Apple Inc's (NASDAQ:AAPL, ETR:APC) stock fell 2% on Thursday and is expected to open in negative terrtory after the company offered cautious guidance for the upcoming holiday quarter, expressing uncertainty about how new AI features will impact device sales. The forecast for low to mid-single-digit revenue growth this quarter slightly missed Wall Street's higher estimates.
Alphabet faces regulatory headwinds, but its current valuation might be too attractive for investors to pass up.