Semiconductors are a critical component enabling the artificial intelligence (AI) revolution, and this company holds the keys to the kingdom.
Apple shares dip following cautious guidance ahead of Christmas. The company also reveals little about demand for its new iPhone 16.
Frankfurt-listed shares of "Magnificent 7" stocks Apple and Amazon were broadly steady on Friday, in light volumes after both companies reported quarterly earnings after-market on Thursday.
Apple (AAPL) reported the results for the third quarter, with revenue beating estimates as earnings per share (EPS) fell short. D.A. Davidson managing director Gil Luria joins Asking for a Trend Host Josh Lipton to discuss the results and why he's bullish on the iPhone maker.
Indonesia said it has banned sales of smartphones made by Alphabet's Google due to rules requiring the use of locally manufactured components, days after blocking sales of tech giant Apple's iPhone 16 for the same reason.
Apple delivered 6.1% revenue growth in Q4, accelerating from previous quarters, driven by robust service growth and the launch of the new AI-enabled iPhone 16 powered by A18 chips. While I remain cautious about Apple's growth prospects in China, the AI Intelligence platform could potentially shorten its hardware replacement cycle and accelerate its revenue growth. I am upgrading to a ‘Buy' rating on AAPL, with a fair value of $240 per share.
As Apple Inc. gears up for the critical holiday season, the tech giant faces uncertainty in one of its most important markets — China. While Apple's latest quarterly earnings revealed overall revenue growth, challenges in China, where revenue fell to $15 billion, remain a concern.
Rosenblatt Securities' Barton Crockett discusses Apple's business outlook in China.
Apple outlined its artificial intelligence (AI) strategy during Thursday's earnings call, announcing December plans for ChatGPT integration and expanded language support for its recently launched Apple Intelligence system. The company reported $94.9 billion in quarterly revenue.
Apple's services business, which delivers higher margins than hardware, has become a critical part of the company's appeal to Wall Street over the past decade. In its September quarter, the company reported just under $25 billion in services revenue, equaling $100 billion a year.
While the top- and bottom-line numbers for Apple (AAPL) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Apple reported Q4 2024 results that slightly beat estimates and provide some relief at face value following mixed reports about the iPhone 16 launch. China's performance has improved, but continued to underwhelm, and it remains questionable where a growth spurt could come from. At a PEG of 3.5x, AAPL stock remains incredibly expensive. There are defensible qualities that have value, but I cannot reach a fair value above $215.