Apple (AAPL) – Get Report is scheduled to report earnings on Thursday and analysts expect the Cupertino, Calif., tech giant to report earnings of 71 cents a share on revenue of $64.16 billion.
Apple shares were at last check were 0.7% higher at $115.88.
Here is what Wall Street is saying about Apple ahead of its earnings release.
Deutsche Bank (Reiterates Buy Rating, $140 PT)
We expect a solid Sept-quarter report from AAPL, but see investors overlooking any
recent strength/weakness and focusing on the December quarter given the recent iPhone
release and impact on guidance and the March quarter beyond, as this is the first time that
all new iPhone products are a month or more delayed.
Long term we continue to believe that AAPL is the best
name to own in the IT hardware landscape, outweighing our worries regarding the
large year-to-date rise and subsequent valuation expansion.
Apple is planning to launch two new pairs of AirPods next year, according to a new report from Bloomberg.
One would succeed the standard AirPods, while the other would be a sequel to the AirPods Pro.
The new $159 AirPods would have swappable ear tips and longer battery life.
The launch of new AirPods would come just as Apple has decided to stop selling wired earbuds with its iPhones.
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Apple is planning to update its popular lineup of AirPods wireless earbuds with two new models in 2021, according to a new report from Bloomberg’s Mark Gurman and Debby Wu.
One model would succeed the standard $159 AirPods, which Apple most recently updated in March 2019, while the other would serve as a sequel to the $249 AirPods Pro. The new standard AirPods could debut in the first half of next year, the report
Apple (AAPL) – Get Report will be reporting earnings later this week.
So, what should investors expect from Apple and when is it time to buy Apple?
First, let’s take a look at what analysts are expecting from the earnings.
“With regard to implications on the 5G cycle from the upcoming print, the focus will be on guidance, which we forecast to track above expectations despite understandable cautiousness driven by the limited visibility into sales velocity for the yet to launch iPhone 12 Pro Max and 12 mini. We remain positive on shares of Apple led by the combination of: 1) strong demand for both legacy and new 5G iPhones; 2) leverage of strong revenue opportunity through industry-leading innovation in Wearables; and 3) strong and resilient Services portfolio, benefitting from large and growing installed base of users; reiterate Overweight rating and Dec-21 price target of $150,” wrote JPMorgan
A former Google executive, who asked not to be identified because he was not permitted to talk about the deal, said the prospect of losing Apple’s traffic was “terrifying” to the company.
The Justice Department, which is asking for a court injunction preventing Google from entering into deals like the one it made with Apple, argues that the arrangement has unfairly helped make Google, which handles 92 percent of the world’s internet searches, the center of consumers’ online lives.
Online businesses like Yelp and Expedia, as well as companies ranging from noodle shops to news organizations, often complain that Google’s search domination enables it to charge advertising fees when people simply look up their names, as well as to steer consumers toward its own products, like Google Maps. Microsoft, which had its own antitrust battle two decades ago, has told British regulators that if it were the default option on
So far, the platform has four free games, including “PGA Tour Golf Shootout” and “Solitaire: Arthur’s Tale,” and the company says it will be adding more in coming weeks. Those games don’t need to be downloaded, because they stream from the cloud.
But don’t try looking for those Facebook games on Apple devices.
Although Facebook has tried multiple times to launch a Facebook Gaming app with playable games this year, Apple has spurned each attempt. The Facebook Gaming app was launched in August without any playable games, after Apple rejected its app five times. When you open the app in iOS, you can see other streamers playing games — but you can’t play games yourself.
Facebook developed cloud games for Android alone, saying it’s unsure of how to proceed on iOS.
“We’re spending a lot of time and energy trying to figure out how to bring this to iOS,” said
Apple’s subscription TV service won’t be announced at WWDC, Re/code is reporting. According to unnamed sources, the official announcement of the highly anticipated new add-on to Apple TV has been pushed back because licensing deals for local programming have not been finalized.
Apple originally wanted to announce the TV service at WWDC next week in order to start building up hype. Apple TV’s subscription service was slated to launch in early fall to coincide with TV broadcast’s premiere schedule. It now looks like TV fans eager to join the cord-cutters club will have to wait until later this year (or maybe even early 2016!) to subscribe to Apple TV’s web service.
Despite the delay and negotiations pending, TV executives are looking forward to partnering with Apple. Just last week, CBS CEO Les Moonves told the audience at the Code Conference that he’s “pretty
1. — Stock Futures Slump Amid Virus Surge, Doubts on Aid Package
Stock futures on Monday were kicking off a week heavy with earnings from U.S. tech giants on the downside as coronavirus infections surged, stimulus negotiations remained at a stalemate and investors prepared for the presidential election just more than a week away.
Contracts linked to the Dow Jones Industrial Average slumped 247 points, S&P 500 futures dropped 30 points and Nasdaq futures fell 91 points.
Stocks closed mostly higher Friday but the S&P 500 fell 0.5% for the week, its first weekly loss in four, after negotiations between the White House and House Democrats on more economic aid for the struggling U.S. economy didn’t make much headway.
Epic Games, the game engine developer and creator of the wildly popular Fortnite game, is keeping the focus squarely on antitrust issues in its lawsuit against Apple as pressures mount to rein in anti-competitive practices of the world’s largest tech companies.
Antitrust arguments are gaining ground on both sides of the political spectrum, which could present a more favorable environment for Epic to make its case.
Earlier this month the Trump Justice Department filed its antitrust case against Google even as Congress laid out its roadmap for how to limit the monopoly power of a quartet of trillion-dollar companies: Facebook, Amazon, Apple and Alphabet (the parent company behind Google).
Epic’s lawyers acknowledged in the filing that the company breached its contract with Apple, but said that it only took that step because Apple’s contract restrictions are illegal, according to the company.
TAIPEI/SHANGHAI (Reuters) – Apple’s AAPL.O top iPhone assembler, Taiwan-based Foxconn, has set up a task force to fend off the growing clout of Chinese electronics manufacturer Luxshare, which it believes poses a serious threat to its dominance, three sources with knowledge of the matter said.
The project was initiated by Foxconn’s founder Terry Gou, according to one of the sources, to target Dongguan-based Luxshare 002475.SZ, which is little-known internationally but is poised to become the first mainland China-headquartered firm to assemble iPhones – a turf until now dominated by Taiwanese manufacturers.
The task force, which the sources say was created last year, has been looking into Luxshare’s technology, expansion plan, hiring strategy and whether the company – which currently makes
Bitcoin has come a long way in the ten years since it was created but, for some, it still feels early.
The bitcoin price, climbing to year-to-date highs this week and recapturing some of the late 2017 bullishness that pushed it to around $20,000 per bitcoin, has found fresh support from Wall Street and traditional investors this year.
Now, Wall Street legend and billionaire Paul Tudor Jones, who made headlines when he revealed he was buying bitcoin to hedge against inflation earlier this year, has said buying bitcoin is “like investing with Steve Jobs and Apple AAPL or investing in Google early.”
MORE FROM FORBESExclusive: U.K.-Listed Mode Now Holds $1 Million Of BitcoinBy Billy Bambrough