Services in spotlight after Apple stock market value hits $1.4 trillion

  • 📰 Reuters
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Services in spotlight after Apple stock market value hits $1.4 trillion by randewich

) posts quarterly results on Tuesday, investors will be looking for fresh evidence the iPhone maker should be treated as a producer of high-margin, subscription services after its stock market value touched $1.4 trillion and its earnings multiple trades at decade highs.

The Cupertino, California corporation’s stock has doubled over the past year, even as iPhone sales contract along with the rest of the global smartphone market. Fueling its stellar run has been Chief Executive Tim Cook’s push to turn Apple’s loyal client base into a source of steady services revenue, including streaming video and a credit card launched last year with Goldman Sachs .

Shares of Apple fell 2.9% on Monday from record highs as fears about the economic fallout of the coronavirus outbreak in China hit Wall Street. Analysts on Apple’s quarterly earnings call after the bell on Tuesday will listen for comments concerning the impact on its manufacturing operations in China.Apple’s market capitalization briefly exceeded $1.4 trillion last Wednesday for the first time, but it has yet to end a session at that level.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

randewich

randewich Indeed

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Synovus's Dan Morgan remains an Apple bull, despite stock surge - Business InsiderSynovus Trust's Dan Morgan is still a bull on Apple, even though the company's stock has surged over the last year. CoronaVuris will not stop the Apple pump 😉 At least not until they sell first. Those tax cuts along w that are making a killing for those ppl.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks shrug off Wuhan virus worries as focus turns to Apple and Starbucks earnings - Business InsiderThe Dow tanked yesterday to turn the index negative for the year. 'You would expect some let-up after such a big move lower,' says one analyst. Bhagavad-Gita Quotes. Digital Mandir. 🍔🍔
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why Apple won't kill the iPhone's Lightning charger anytime soon - Business InsiderThe EU wants a common charging standard for smartphones, which would mean killing the iPhone's Lightning port. Here's why that probably won't happen.
Source: BusinessInsider - 🏆 729. / 51 Read more »

China and Apple's TV service will be under the spotlight when it reports earningsAs the first full quarter with iPhone 11 sales, analysts and investors also watch closely to see how well the newest models, launched in September, are doing in the market.
Source: CNBC - 🏆 12. / 72 Read more »