Piper Jaffray tech analyst Michael Olson, getting a jump on Apple's launch next Thursday of new iPhone models, published a research note Friday morning saying that its latest survey of iPhone users found demand for new models is likely to be stronger than expected. Olson raised his target price for Apple's stock to $250 a share, about 12 percent higher than it was trading before the market opened Friday. Apple shares were up about a half-percent in early trading Friday. Apple climbed 38 percent in the year since the last iPhone launch. Much of that gain has happened since April when investors started to realize that the higher-priced iPhone X was driving better-than-expected revenue and profit gains for the tech giant. For months before that, reports suggested that the iPhone X wasn't selling as well as forecasters thought it would. Olson continued a tradition of surveying the iPhone customer base that was started by Gene Munster, who followed Apple for years at Piper Jaffray and was … [Read more...] about Ahead of new iPhone launch, Piper Jaffray raises price target on Apple
When was first iphone launched
Apple officially becomes the first $1 trillion company
So you would expect he would have a lot to say today when stock prices surged high enough to make his old employer the first trillion dollar company.Still, concerns remained over the U.S. Kawasaki credits Cook for executing Jobs' vision. Shares of Apple this week traded at about 15 times expected earnings, compared to Amazon at 82 times earnings and Microsoft at 25 times earnings.On Wednesday, Apple's quarterly 10Q filing to the SEC said there were 4,829,926,000 shares.Apple has been credited with giving rise to lifestyles centered around mobile apps for seemingly everything from games and messaging to ordering food or summoning auto rides.If Apple hits a growth wall in coming years, it's not hard to imagine the company facing similar calls to justify its climbing research-and-development bills.Apple is in the unique situation of controlling the hardware and software in its mobile devices, with content for users required to go through its App Store that takes a percentage of … [Read more...] about Apple officially becomes the first $1 trillion company
Apple becomes first $1 trillion company in history
Apple became the first $1 trillion company shortly before noon on Thursday, briefly crossing the lofty mark in a closely watched ascent that made stock market history. "Apple's $1 trillion cap is equal to about 5 percent of the total gross domestic product of the United States in 2018," said David Kass, professor of finance at the University of Maryland. "That puts this company in perspective." Apple crossed the threshold in Thursday trading following a strong third-quarter report that showed earnings beat expectations and also showed increased revenue from the technology giant's services and software businesses. Apple briefly hit the $1 trillion mark before falling back below it amid fast-moving trade. Wall Street loved it. Apple climbed nearly 9 percent since the earnings report. "The combination of a strong macro environment and an increasingly engaged customer base led to double-digit growth in all regions," Morgan Stanley said in a note, according to CNBC. "A clean beat on the … [Read more...] about Apple becomes first $1 trillion company in history
Apple is the first $1 trillion company in history
Thomas Heath, The Washington Post Published 9:58 am PDT, Thursday, August 2, 2018 Photo: Bloomberg Photo By Brent Lewin. Image 1of/1 CaptionClose Image 1 of 1 The Apple logo in an arranged photograph in Bangkok, Thailand, on Feb. 3, 2018. The Apple logo in an arranged photograph in Bangkok, Thailand, on Feb. 3, 2018. Photo: Bloomberg Photo By Brent Lewin. Apple is the first $1 trillion company in history 1 / 1 Back to Gallery Apple became the first $1 trillion company shortly before noon on Thursday, briefly crossing the lofty mark in a closely watched ascent that made stock market history. "Apple's $1 trillion cap is equal to about 5 percent of the total gross domestic product of the United States in 2018," said David Kass, professor of finance at the University of Maryland. "That puts this company in … [Read more...] about Apple is the first $1 trillion company in history
“Apple expects 45 million preorders of the 6.5” OLED iPhone
Or probably there will be just the iPhone X, with three variants launching in 2018.Apple is expected to launch three new iPhones this year, with two of them featuring an OLED display and the third model featuring a 6.1-inch LCD panel. Instead the company is, according to a report in Forbes based on Olixar information, will launch three variants of the iPhone X. These will be the iPhone X, which will use a 5.8-inch screen similar to the one that is in the existing iPhone X. Then there will be the iPhone X with 6.1-inch screen.Apples predictions on the LCD sales were actually higher, but the company chose to hold back shipments of the panels due to complications in manufacturing the panel and due to expectations of high interest towards the flagship. Analyst Ming-Chi Kuo has predicted that Apple could unveil a dual-SIM version of the device.If the iPhone XI Plus is indeed Apple's top-selling iPhone for 2018, that may also help explain a recent report, claiming that Apple is planning to … [Read more...] about “Apple expects 45 million preorders of the 6.5” OLED iPhone