Wells Fargo: AAPL Q3 was Meh, but the Future Looks Bright

10 hours, 57 minutes ago · · Apple Stock Watch

Apple reported US$37.4 billion in revenue for its third fiscal quarter and 35.2 million iPhones sold, coming in below Wells Fargo analyst Maynard Um's expectation of $38.2 billion. That may be disappointing, but it doesn't spell certain doom for Apple because Mr. Um sees the upcoming fall product launches as a big boost for the company's performance.

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iPhone sales were up for the quarter, but not up enough to please analysts. But Q4 will reportedly include new iPhone models and maybe the iWatch, so maybe Tim Cook can make them happy this time.

Apple Buys 29 Companies (plus Beats) in 21 months, 5 Since March

8:04 PM, Jul. 22nd, 2014 · · Apple Stock Watch

Ch-Ching!

Apple has purchased some 29 companies since the beginning of fiscal 2013 (October of 2012), and five just since the end of the of the March quarter of 2014. If you throw in Beats, which hasn't closed yet, that makes 30 companies and a clear indication that Apple is becoming more aggressive in buying outside firms.

Apple: iTunes is the Fastest Growing Part of Our Business

6:20 PM, Jul. 22nd, 2014 · · Apple Stock Watch

iTunes billings are up 25 percent year over year and Apple says its little music, movie, and mobile app sales through the iTunes Store made up the fastest growing part of its business over the past three fiscal quarters. That includes the 75 billion App Store downloads the company previously announced earlier this month.

Apple to Shareholders: You get 47 Cents!

5:23 PM, Jul. 22nd, 2014 · · Apple Stock Watch

Apple shareholders will be getting a dividend this quarter, according to company CFO Luca Maestri, to the tune of US$0.47 per share. Mr. Maestri shared that little tidbit during the iPhone and iPad maker's third fiscal quarter earnings report Tuesday afternoon.

Apple Posts Record June Quarter and 20% EPS Growth [Update]

4:35 PM, Jul. 22nd, 2014 · · Apple Stock Watch

$AAPL

Apple announced results for its third fiscal quarter Tuesday, reporting record revenue of US$37.4 billion, with earnings of $7.7 billion (earning per share (EPS) of $1.28 per share). Apple said its EPS growth was 20 percent year-over-year, its highest rate of EPS growth in the last seven quarters. iPhone and Mac sales drove growth.

AAPL Q3 2014 Earnings Report Set for Tuesday Afternoon

10:18 AM, Jul. 22nd, 2014 · · Apple Stock Watch

Apple's third fiscal earnings report for 2014 is scheduled to start this afternoon at 5PM eastern time after the market closes. The conference call for analysts and investors will include the company's quarterly revenue and profit numbers, as well as sales figures for the iPhone, iPad and Mac product lines. The Mac Observer will be at the ready with our usual event coverage, so be sure to check in with us for the latest on Apple's revenue and product sales numbers.

Zachs Rates AAPL Neutral on Potential iPhone Competition

11:30 AM, Jul. 21st, 2014 · · Apple Stock Watch

Zachs analysts are rating Apple's stock as Neutral ahead of Tuesday's third fiscal quarter earnings report. The firm sees the upcoming iPhone 6 and rumored iWatch as big sellers for the company, but competition in the smartphone space will have an impact on Apple's bottom line.

Reminder: Apple Q3 2014 Earnings Report Next Tuesday

11:22 AM, Jul. 18th, 2014 · · Apple Stock Watch

Apple's third fiscal earnings report for 2014 is set for Tuesday, July 22. The conference call for analysts and investors will start around 5PM eastern time after the market closes, and The Mac Observer will be at the ready with our usual event coverage. Be sure to check in with us for the latest on Apple's revenue and product sales numbers.

Citigroup Starts AAPL Coverage with $110 Target

11:28 AM, Jul. 16th, 2014 · · Apple Stock Watch

Citigroup's Jim Suva started covering Apple's stock for investors again on Wednesday with a US$110 target price. Like other analysts, he expects the introduction of the iPhone 6 will have a positive impact on revenue, and he also thinks other analysts are underestimating consumer demand once the new iPhone model is released.

Barclays Upgrades Apple Outlook, Sets AAPL Target at $110

3:45 PM, Jul. 14th, 2014 · · Apple Stock Watch

Barclays analyst Ben Reitzes has upgraded Apple stock from Equal Weight status to Overweight and set a price target for AAPL at US$110. That's based on a belief that CEO Tim Cook has solidified his strategy, regained the confidence of stockholders and reversed warning signs seen earlier in the year.