Another major tech company beat earnings on Wednesday, as Apple shook off lingering tariff pressures and continued its, thanks to better-than-expected iPhone 11 sales and solid growth in its services business.
The tech giant has also benefited from increased optimism around trade negotiations in recent months, signaling that it expects growth over last year’s holiday quarter, when it was hit by a major downturn of iPhone sales in China—one of its core manufacturing bases. Apple also saw impressive 18% growth in its services business, which includes Apple TV+, iCloud and AppleCare.
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Apple Earnings Beat Expectations, Showing Recovery From Trade War PressuresApple stock is up almost 55% this year.
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Apple Tops Earnings Estimates, Posts Record $12.5 Billion Services RevenueAhead of its debut of Apple TV Plus, Apple posted financial results for the September 2019 quarter that were well above Wall Street estimates and included an all-time high $12.5 billion in services… Apple tops earnings estimates, posts record $12.5 Billion services revenue. 🎃🥺💕😃❤️
Source: Variety - 🏆 108. / 63 Read more »
Options bulls are moving on Apple heading into earningsOptions traders think Apple might break out to new all-time highs when it reports earnings on Wednesday, but they might have a good reason to define their risk.
Source: CNBC - 🏆 12. / 72 Read more »
As Apple gears up for earnings, chart analyst sees warning signsApple earnings are on deck for after Wednesday's closing bell, and one technical analyst sees trouble brewing in the charts. TradingNation BreakingNews : As Apple gears up for earnings, chart analyst sees warning signs. see/saw/seen They're everywhere and the book is yours!😀😀😀😀 esl ingles english ielts toefl toeic books kindle TradingNation Is it the same chart analyst that said google would soar after earnings?
Source: CNBC - 🏆 12. / 72 Read more »
Apple earnings: $3.03 per share, vs $2.84 EPS expectedApple's stock rose after reporting Q4 earnings that beat expectations. iPhone sales were down 9% year-over-year, but total revenue was up. because their phones are too damn expensive and the same every time 🤷♂️ mcm_ct You do know expectations were lowered by enough to beat right, so how is this good? Once again the CNBC Clown Show spin on better than expected... Does the network have any dignity? No position.
Source: CNBC - 🏆 12. / 72 Read more »