Investors will soon receive an update on Apple Inc.’s plan for its massive pile of cash, but don’t expect anything out of the ordinary — at least, out of Apple’s ordinary.
The company is also expected to boost its dividend in line with historical trends, but the increase may be below last year’s 15.9% bump, wrote Rakers, who rates the stock market perform. He said he expects a hike of about 10% this time around.What to expect Earnings: Analysts surveyed by FactSet expect Apple to report $2.37 in earnings per share, down from $2.73 a year earlier.
Apple’s iPhone sales are expected to total $31.1 billion, iPad sales $4.1 billion, Mac sales $5.9 billion, while software and services revenue is projected at $11.3 billion, and “other” revenue — which includes Apple Watch and accessory sales — is expected to total $4.8 billion, according to analyst estimates compiled by FactSet.
What else to watch for Following Apple’s March announcement of new video, news and gaming subscription services, the company may give information about how these services are expected to affect its financials. “It has been Apple’s pricing hubris on iPhone XR that was the major factor in the company’s December earnings debacle in China,” wrote Wedbush’s Daniel Ives, who has an outperform rating and $225 target on Apple’s stock. “However, with some recent price cuts, demand trends are slowly turning around in this all-important region for Cupertino as we expect the Street will see when the company reports.
Nobody’ll get anything. It’ll be re-invested. Apple
Would it be wonderful if Apple used the unneeded cash for such things as helping the hungry and the needy! However, bet they will still just use a bit as a token and to say they contribute to charitable causes!
a mortgage company with a high growth PE and self-driving.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »