Apple Inc. reported a 16.3% year-over-year increase in its Services revenue, reaching $30.98 billion in Q2-FY26, with exceptionally high gross margins of 76.7%. This growth helped expand the company's overall gross margin to 49.3%, offsetting weaker profitability in its hardware segment caused by supply shortages and rising costs. Apple also generated $140.2 billion in trailing cash flow and authorized an additional $100 billion stock buyback. Analysts expect earnings per share to reach $14-$15 driven by Services growth, AI monetization, and aggressive share repurchases, despite the stock trading at high valuation multiples.
Bank of America raised its price target for Apple to $380 from $330, highlighting Apple's strong position to benefit from the emerging "agentic AI" smartphone market. This AI technology enables devices to complete tasks and manage workflows autonomou...
Apple CEO Tim Cook is stepping down after significantly growing the company’s market value to $4.535 trillion. Hardware chief John Ternus will succeed him, marking a major leadership change for the world’s most valuable company. Despite strong recent...
In the first half of fiscal year 2026, iPhone revenue increased by 22.7%, primarily due to higher average revenue per user (ARPU) driven by more memory upgrades and a shift towards premium models. Although ARPU growth is expected to slow down because...
The Magnificent 7, a group of leading megacap tech companies including Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla, represent the forefront of AI and future tech. While most have advanced AI integration and partnerships, Microsoft has...
Bank of America analyst Wamsi Mohan upgraded Apple's 12-month price target from $330 to $380, highlighting the company's strong position to benefit from AI advancements in 2026. Apple's dominance in smartphones and its control over supporting infrast...
