Apple woos investors with China gain, market value nears $1 trillion

FILE PHOTO: The logo of Apple company is seen outside an Apple store in Bordeaux, France, March 22, 2019. REUTERS/Regis Duvignau

If the gains hold, Apple would be within touching distance of again topping $1 trillion in market value, just shy of the world’s most valuable company, Microsoft Corp . Apple had 4.53 billion shares outstanding at the end of last quarter. “We were especially pleased with the double-digit increase in Services driven by strong growth from the App Store in China,” Chief Executive Tim Cook told a conference call after the results.

At least seven of the 43 brokerages who rate Apple shares raised their price targets for the stock, with Citigroup raising its price target by $45 to $250. The median of current recommendations is $217.

They need to start paying higher American taxes as they are now a Chinese company.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Apple shares rise after earnings beat, upbeat outlookHow Apple’s $53.8 billion in revenue breaks down: - $25.99 billion: iPhone - $11.46 billion: services - $5.82 billion: Mac - $5.53 billion: wearables/home/accessories - $5.02 billion: iPad ty tim apple Buybacks... apple is dying of stagnated creativity Who's care about China
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Apple is poised to add $40 billion to its market cap and surge past the $1 trillion mark after blowout earningsApple stock rose 4% in premarket trading after earnings that saw services revenue jump 13% to a record high of around $11.5 billion So maybe they could bring some of their manufacturing to the U.S. to create much needed middle class jobs? Does Apple even manufacture anything in its home country? Nice!! Good for business
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Cramer: 'Better-than-feared' Apple earnings may be enough to pop the stock and overall market'People really feared this earnings period,' CNBC's Jim Cramer says. 'It turns out that that fear was not justified.'
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »