Looking to the holiday quarter, Apple’s CFO said the company expects total revenue to increase 10-12% year over year — higher than Wall Street analysts expected — and iPhone sales to grow double digits. If those growth projections hold, Apple’s CFO said it would be “our best quarter ever.” Thanks to the astronomical rise over the years, Apple split the stock again in June 2014, this time seven-for-one. Three years later, in 2017, with Tim Cook at the helm and a services business providing a bulk of revenue, Apple’s stock price is still steadily climbing. Apple periodically provides information for investors on its corporate website, apple.com, and its investor relations website, investor.apple.com.
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Five years later, with Apple stock price at an ever-higher $88.99, Apple issued a third two-for-one Forex pattern trading stock split. Apple could also see its services revenue grow 13% year-over-year, thanks to continued momentum across subscription services like iCloud+ and AppleCare+, analysts added. The research firm said it believed that the company’s sales in China would pick up over the near term. Profit margins could also improve on demand for Apple’s new lineup of iPhones, analysts said, adding that they believed Apple was “getting its groove back.”
‘Don’t Fight the Valuation,’ Says Analyst About Apple (AAPL) Stock
- Asked about capex growth on Apple’s last earnings call, CFO Kevan Parekh said that “a significant portion of the driver of growth that you’re seeing now is really driven by some of our AI-related investments.”
- An analyst asks Cook about whether he had concerns about “search volumes decelerating at the expense of AI” and how the company thinks about the “broader sustainability of these very strong mid-teens growth rates for services.”
- Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro.
- Apple doesn’t split its own internal advertising and licensing within its ad business.
Analysts pointed to revenues potentially increasing due to AI and its possible impact on coming product offerings. Then there are reports of new home devices and AR glasses — all of which will need good AI. Don’t expect Tim Cook to break character and start gossiping about future products, but this would be a good time for a bit of extra candor. US shoppers discovered earlier this month that the M5 Vision Pro, a refreshed model, is labeled as being a product of Vietnam.
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Cook says Apple is continuing its US investment with its Apple Manufacturing Academy in Detroit and the $600 billion investment it promised over the next four years. The areas of growth in the US include advanced manufacturing, silicon engineering, and artificial intelligence, the CEO says. Apple reported roughly $1.1 billion in tariff-related costs in its fiscal Q4, in line with its previous forecast.
THE HISTORY OF APPLE’S STOCK PRICE BY MARKETS INSIDER
The miss comes after Apple released the iPhone 17 lineup and the iPhone Air experienced delays in the region — though only about a week of iPhone 17 sales are reflected in Apple’s fiscal fourth quarter. Apple CEO Tim Cook kicks off the call with opening remarks on the growth areas and the record highs the company hit in revenues in several categories. Looking ahead to the December holiday quarter, Cook says he expects it to be the “best” yet. Apple doesn’t split its own internal advertising and licensing within its ad business. Apple’s service category also includes payments from Apple’s $20 billion search deal with Apple.
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Apple II sold at a minimum $1,298 price point, setting the stage for much bigger cash flow into a growing Apple. Zino pointed to how investors now have more clarity relating to Apple’s regulatory issues and the potential impact of tariffs. “While the market remains fixated on AI adoption and monetization, Apple proves that the old recipe still works,” Thomas Monteiro, senior analyst at Investing.com, said.
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers and resellers. The company was formerly known as Apple Computer, Inc. and changed its name to Apple Inc. in January 2007. Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories.
- That number was expected to grow considerably in this most recent quarter, with Apple guiding that its tariff-related costs would be around $1.1 billion.
- This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.
- Cook says he “couldn’t be more pleased” with how well the iPhone 17 is being received in Greater China.
- Thanks to the astronomical rise over the years, Apple split the stock again in June 2014, this time seven-for-one.
Apple earnings recap: Stock rises 5% on earnings beat but China revenue declines
This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders. After Apple’s first two-for-one stock split in June 1987, shareholders received two shares at a stock price of $41.50 each for their stock which had closed the previous day at stock price of $78.50. On December 12, 1980, Apple stock began trading on the Nasdaq at $22 per share.
Analysts are optimistic about Apple’s growth trajectory, supported by strong performance in services and upcoming AI advancements. Goldman reiterated its “Buy” rating for the stock and issued a price target of $279 a share, implying 3% upside from current levels. The firm reiterated its “Buy” rating on the stock and issued a price target of $290 a share, implying 8% upside from current levels. At 5.6 millimeters — Apple’s thinnest iPhone yet — the frame comes with a smaller battery than Pro models and no physical SIM card.
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Steve Jobs, the largest shareholder, made $217 million on the first day of trading. By the end of trading on that Friday afternoon, Apple’s stock price had risen by almost 32%, closing near a stock price of $29 and resulting in a market value of $1.778 billion for Apple. Apple’s services business, which includes revenue from iCloud, Apple TV+, and its $20 billion search engine deal with Google, among others, has long been a highlight of Tim Cook’s tenure at the helm. Cook has grown areas like Apple TV+ into household names, and the services segment’s consistent revenue growth has helped insulate Apple amid turbulence in the US smartphone market.
To make up for what it lacks in battery life, Apple released an external battery pack alongside the iPhone Air, which costs $99. But Apple’s battery-rich Pro models, with top-of-the-line cameras, are typically the company’s most popular, and reports have begun to emerge that Apple is cutting back on Air production. In fiscal Q3, the company reported a record high of $27.4 billion in services revenue. For this most recent quarter, Wall Street estimates that Apple will surpass that figure with $28.18 billion in revenue. “As we continue to expand our investment in AI, we’re bringing intelligence to more of what people already love about our products and services, making every experience more personal, capable, and effortless,” Cook says. In a call with analysts, Apple said it planned to increase its capex spending in the holiday quarter, driven by expanding AI investments — a theme in Big Tech earnings this quarter.
It’s the latest example of Apple making changes to its supply chain for US-bound products to mitigate its tariff costs. While Apple’s most recent quarter will only include a week or so of sales from the 17 lineup, execs will likely provide some color on how the Air is doing so far. In the US, Counterpoint estimates that demand was strongest for the iPhone 17 Pro Max, the priciest model in the lineup, through the first two weekends of its release. China, a key market for Apple sales, continues to be a tough area for the tech giant. In this most recent quarter, revenue was $14.49 billion, down from $15.03 billion in the same period last year.
Apple reported over $28.7 billion in services revenue this quarter, up from just under $25 billion in the same quarter last year. Apple CEO Tim Cook said in the earnings press release that this was an “all-time revenue record for Services.” Recent reports highlight Apple’s potential in humanoid robotics, estimating $133 billion in revenue by 2040, and showcase its record quarter with $416 billion in revenue.
