UPDATE: Apple (AAPL) Margins Remain Strong; BMO Capital Raises to Outperform
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Apple (AAPL) Sept. Margin Guidance Stirs Controversy
July 24, 2013 11:12 AM EDTShares of Apple (NASDAQ: AAPL) climbed on Wednesday following positive Q3 results. Apple also provided margin guidance of 36%-37% for September quarter, creating debate on Wall Street. In the view of Deutsche Bank's Chris Whitmore, the margin guidance raises questions about its upcoming new product cycle.
"It is difficult to read much into this guidance as Apple provided very little color as to what is driving the wider range of potential revenue outcomes ($3B range vs. $2B... More
Apple (AAPL) a Buy on Solid Pipeline - Canaccord Genuity
July 24, 2013 10:20 AM EDTCanaccord Genuity analyst T. Michael Walkley reiterated a Buy rating and $530 price target on Apple (NASDAQ: AAPL) following third quarter earnings.
"We maintain our belief that Apple has a strong product pipeline, including a refreshed iPhone 5S, mid-tier iPhone, and iPad lineup... More
Apple (AAPL) Delivers in Q3, Estimates Rise on Lower Share Count - Needham & Company
July 24, 2013 9:48 AM EDTNeedham & Company analyst Charlie Wolf reiterated a Buy rating and $710 price target on Apple (NASDAQ: AAPL) following in-line third quarter results.
The firm raised fiscal 2013 estimate from $38.90 to $39.00 and 2014 estimate from $41.30 to $42.00 chiefly because of a decrease in shares outstanding.
Wolf notes the upside surprise was iPhone sales, which totaled 31.2... More
Apple (AAPL) Price Target Raised to $530 at Goldman Sachs
July 24, 2013 8:35 AM EDTGoldman Sachs today maintained a Buy on Apple (NASDAQ: AAPL) and raised its price target to $530.00 (from $515.00). Analyst Bill Shope called Apple's Q3 results a "welcome positive," but remains focused on the outcome of Apple's product refresh this fall.
"With many, including... More
Lazard Maintains Buy on Apple (AAPL) Post-FQ3 Report; Older iPhone Sales Aren't Bad! No, Really!
July 24, 2013 8:29 AM EDTLazard Capital maintains a Buy rating and $500 price target on Apple (Nasdaq: AAPL) following fiscal third-quarter 2013 results Tuesday night.
Analyst Edward Parker said, September numbers are headed lower again, but there's been ample talk of this in the market including a growing consensus that F3Q is the last shoe to drop. Unfortunately, commentary... More
FBR Maintains Bullish View on Apple (AAPL) Post Q3 Earnings; Product Refresh May Not Arrive Until October
July 24, 2013 7:25 AM EDTFBR Capital reiterated an Outperform rating and $500 price target on Apple (NASDAQ: AAPL) following Q3 earnings, which showed better iPhone sales and weaker iPad sales.
"We fully concede that the rate of innovation and consistency of execution at Apple have declined considerably over the past 18 months, but we continue to expect a fresh iPhone... More
Apple (AAPL) CFO says new products to arrive in October
July 23, 2013 5:26 PM EDTApple, Inc. (NASDAQ: AAPL) CFO says new products to arrive in October... More
Apple, Inc. (AAPL) Tops Q3 EPS by 15c, Sales Beat
July 23, 2013 4:30 PM EDT(Updated - July 23, 2013 4:35 PM EDT)
Apple, Inc. (NASDAQ: AAPL) reported Q3 earnings per share of $7.47, $0.15 better than the analyst estimate of $7.32. Revenue for the quarter came in at $35.3 billion versus the consensus estimate of $35.01 billion.
The Company sold 31.2 million iPhones, a record for the June quarter, compared to 26 million in the year-ago quarter. The... More
