Apple Inc. reported its strongest third-quarter earnings ever, driven by robust iPhone sales growing 25% annually, especially in Greater China and India. Despite this, shares fell 6% after earnings due to concerns over supply constraints and margin pressures linked to AI-driven costs in advanced silicon and memory. The company forecasted slower growth of 9–11% for Q4, citing foreign exchange headwinds and challenges in monetizing AI technology. Additionally, an upcoming CEO transition and ongoing margin pressures suggest a challenging outlook for fiscal year 2027.
US stock indices Nasdaq 100, Dow Jones 30, and S&P 500 are attempting to break higher but face resistance near key technical levels. The Nasdaq 100 is testing the 28,500 mark with resistance at its 50-day EMA, while the Dow Jones is challenging 52,50...
Major tech companies like Amazon, Alphabet, Tesla, and Meta are experiencing negative cash flow due to heavy spending on AI infrastructure and a memory chip shortage that is driving up costs. Apple also issued a weaker revenue forecast, citing supply...
Apple reported its strongest June quarter with mixed results, beating revenue and earnings estimates but missing on services and iPad sales. Goldman Sachs cut its 12-month price target to $360 from $370, citing weaker Q4 guidance but expects improvem...
Apple's stock was downgraded by Barclays with a new price target of $245, signaling a potential 26.5% drop from its previous price of $333.43. The downgrade follows Apple's warning of supply constraints impacting revenue growth, now expected between ...
Raymond James reaffirmed a 'Market Perform' rating on Apple stock, indicating it is fairly valued despite the company's record third-quarter revenue of $109.4 billion, a 16% increase year-over-year. Strong sales in iPhone and Mac segments drove this ...
