Shares of Apple (NASDAQ:AAPL | AAPL Price Prediction) are up roughly 5% in Friday morning trading, climbing to about $284 after the iPhone maker delivered a powerful fiscal second-quarter beat and bullish forward guidance following Thursday's close.
Apple delivered a strong fiscal Q2, beating revenue and EPS estimates, and announced a $100B buyback and dividend hike. Key drivers included 22% iPhone revenue growth, robust Services momentum, and a record installed base, with notable 28% sales growth in Greater China. I maintain a buy rating and raise my price target to $293, citing resilient margins, strong free cash flow, and a healthy technical setup.
Apple (NASDAQ: AAPL | AAPL Price Prediction) noted three things when it announced earnings and on its earnings call.
Stock futures are little changed this morning after major indexes hit fresh highs yesterday to close out their best month in years; Apple shares are gaining after the iPhone maker's latest earnings and sales outlook beat estimates; Roblox shares are tumbling after the video game maker slashed its revenue forecast; Reddit stock is jumping after the social media company's results topped expectations; and Berkshire Hathaway is set to host its first annual shareholders meeting since Warren Buffett retired as CEO. Here's what you need to know today.
Shares of Apple Inc NASDAQ: AAPL moved higher in Thursday's after-hours session following its fiscal Q2 earnings report, setting the stock up for a potential move back towards last December's highs. Apple has delivered strong quarters before, but this one lands differently.
The S&P 500 (^GSPC) clinched 7,200 for the first time ever yesterday, capping its best month since November 2020, and the index is set to open May trading on a high note.
Apple Inc. was rated Hold due to macroeconomic headwinds impacting risk/reward. AAPL's fundamentals remain strong, but rising rates and lower consumer income limit upside. Since the Hold rating, AAPL returned 0.55% versus the S&P 500's 5% gain.
They're all good smartwatches, but have their own strengths. Let's compare the details.
The so-called "iPhone Ultra" might dodge the problems of other book-style foldable phones with a hybrid iPhone-iPad interface.
The folding phone space is getting crowded, and Apple is expected to jump into the mix this year with what could be called the iPhone Ultra. CNET's Bridget Carey unfolds the rumors of how Apple's folding iPhone could stand out by giving users an iPad-like experience.
Apple is a CapEx-lite 'AI Adopter' with a differentiated strategy versus Tech peers, focusing on productization rather than AI model development. AAPL's closed ecosystem, premium positioning, and proprietary chips provide a strong foundation for consumer AI applications and potential "Edge AI" leadership. Any AI breakthrough, such as a human-like Siri, could drive device sales, with services remaining secondary in the near term. Upside for services exists long term within entertainment.
Sandisk (SNDK) delivered Q3 revenue of $5.95B, up 252% YoY, crushing estimates and guiding Q4 revenue and EPS well above consensus. Apple (AAPL) posted Q2 revenue of $111.18B and EPS of $2.01, both exceeding expectations, and increased its dividend by 4% while authorizing a $100B buyback.