Bank of America forecasts Apple will exceed fiscal Q3 revenue and earnings estimates, projecting $109 billion in revenue and $1.89 EPS, above consensus. The bank notes a staggered iPhone launch schedule and higher prices may impact seasonality and margins, expecting a temporary gross margin dip before recovery in Q4. Services revenue growth is steady but App Store growth slows. Apple reports Q3 results on July 30, with BofA maintaining a Buy rating and a $380 price target based on strong 2027 EPS projections.
The Vanguard Information Technology ETF (VGT) excludes major tech-adjacent companies like Alphabet (Google), Meta, and Amazon due to a 2018 sector reclassification that moved these firms out of the Information Technology sector. Instead, VGT focuses ...
Apple is developing a new screen-less fitness tracker, described as a thin fabric band with sensors, to compete with Whoop. The product is still in the exploratory phase, with prototypes made, and is not expected to launch before 2028. This new devic...
Apple's new CEO, John Ternus, is under pressure from Washington to abandon a Chinese memory chip deal that former CEO Tim Cook fought to maintain. This comes as Apple faces rising memory costs, which have significantly impacted iPhone pricing and pro...
Investing $5,000 in Apple today could yield about $7,705 by 2031, a 54.1% total return or roughly 9.03% annualized, driven by strong iPhone sales, record Services revenue, and AI advancements like Siri. The bullish scenario projects even higher retur...
Chinese President Xi Jinping is set to visit the U.S. from Wednesday to Friday, with several top American tech executives like Microsoft CEO Satya Nadella, Nvidia's Jensen Huang, and Apple's Tim Cook attending a key dinner in Washington, D.C. The Chi...
