Apple Earnings Recap: iPhone Sales up, Stock Dips on China Weakness

Apple Inc. was founded in 1976 and is headquartered in Cupertino, California. The company designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. Apple what are the risks from investing in early stage companies also provides and sells related platforms and services to power them and is the host of a widely-used digital ecosystem. The digital ecosystem revolves around the Apple App Store which lists thousands of games and applications for iOS users. The App Store also features digital content like music, TV, and movies as well as books, podcasts, and other forms of digital content.

AAPL upcoming earnings

This means that analysts believe this stock is likely to outperform the market over the next twelve months. Over the past 18 months, Apple’s stock price has traded in a range from $165 to $235, and it currently sits near the top of that range. So a sustained breakout through that upper level will be needed for the stock to avoid disappointing investors in the coming year. And with the most recent path to its recent all time highs originating from the $190 area, that will be a key test if the stock breaks down. While Apple currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Bank of America tells investors to ‘look past the iPhone 16 noise.’

However, its price has been trending up steadily, not dramatically, since back in August 2020, when it split its stock price 4-for-1. Apple generated more than $46 billion in revenue from that segment alone during its latest quarter. However, iPads, Mac computers, watches, streaming video and the entire service component are also critical to the company’s continued growth. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting.

State Street Corp increased its position in Apple by 10.6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the period. FMR LLC boosted its stake in shares of Apple by 5.3% during the 3rd new zealand dollar to swiss franc exchange rate quarter.

1. However, it is a prominent part of the S&P 500, and that means it is always at risk of being caught up in market-wide selloffs.
2. Cook said he’s been using early versions of the software and it’s “changing my daily life.”
3. And with the most recent path to its recent all time highs originating from the $190 area, that will be a key test if the stock breaks down.
4. However, iPhone, now in its 16 version, is a mature business, and perhaps a victim of its own success, as adding updated versions of existing products is less profitable than the next new device or technology.

A.I. Catalysts Ahead for MSFT & AAPL

Apple scored higher than 97% of companies evaluated by MarketBeat, and ranked 46th out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Apple is headquartered in Apple Park, an ultra-modern campus built in Cupertino, California. The campus features a massive circular building nicknamed The Spaceship and provides working space for over 12,000 employees.

Apple Stock In 2025: A Prediction On Where It’s Price May Head

Finally, International Assets Investment Management LLC boosted its position in shares of Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after buying an additional 93,886,664 shares during the period. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after buying an additional 18,224,005 shares during the last quarter. Geode Capital Management LLC increased its position in Apple by 6.5% in the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after buying an additional 20,483,787 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock alpari- a complete brokerage firm assessment valued at $22,121,656,000 after purchasing an additional 5,893,741 shares during the period.

That has helped it expand in Europe and China, and it now has its sites set on deeper penetration of emerging economies. Apple is still true to Jobs’ vision of “delighting and surprising” consumers, particularly in the middle to upper end of the consumer market. Cost control is a priority, as is maintaining profit margins and a dominant market share in the areas in which it competes.

So it is clearly a prominent stock, and its price has benefited from the massive inflows to index funds that track those popular market benchmarks. If someone asked you to tell them the first thing you think of when you hear the word “apple,” your immediate response would probably say a lot about your age and what you have lived through. Maybe it would be a reference to Isaac Newton, who introduced the concept of gravity in the 1600s, and is the subject of a factually inaccurate story about an apple hitting him on the head. Or maybe it would be Apple, the record company famous for its longtime association with the Beatles. Discover which analysts rank highest on predicting the directional movement of AAPL. Select to analyze similar companies using key performance metrics; select up to 4 stocks.

The top U.S. consumer watchdog will supervise Apple Inc. and other major technology firms that offer digital wallets and payment apps, finalizing a proposal from last year with several changes. Whether it’s mastering cutting-edge strategies, uncovering actionable investment opportunities from influential leaders, or breaking down complex topics, our in-depth journalism has you covered. Become a Forbes member and gain unlimited access to bold ideas shaking up industries, expert guides and practical investment advice that keeps you ahead of the market. The company has helped its own growth in relatively poorer countries by offering installment plan purchases.

Apple computers and wifi-enabled smart devices are in demand by consumers, small and mid-sized businesses, the education sector, enterprises, and governments worldwide because they are high-quality, long-lasting, powerful devices. The company sells its products through an omnichannel network of DTC, wholesales, and eCommerce channels including mobile carriers, retailers, and resellers. Apple’s earnings remained nearly flat in fiscal 2023 (which ended in September 2023) at $6.13 per share. As the following chart indicates, the tech giant’s earnings growth is expected to gain momentum in the current fiscal year and get stronger over the next couple of years. These features should help encourage Apple’s user base to upgrade to its upcoming iPhones and also allow the company to make a dent in the fast-growing AI smartphone space. According to 33 analysts, the average rating for AAPL stock is “Buy.” The 12-month stock price forecast is $239.78, which is an increase of 4.31% from the latest price.