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.
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 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.
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.
For today’s Quick Tip, Melissa Holt is going to teach us how to move a job that we’ve sent to the wrong printer to a different one. No more walking through the steps to reprint a document just because the printer you tried to use is at home, folks!
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.
In today’s Quick Tip, Melissa Holt’s going to cover a feature that not many people use, despite it having been around since approximately the dawn of time. OS X’s Color Picker can grab any color on your screen, so you can apply the exact shade of a logo, a t-shirt you took a picture of, or pretty much anything else to your objects and text. Handy!
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.
Apple is poised to sell the iPhone 6 in big numbers, and will charge more for the expected bigger display, according to Canaccord Genuity analyst Michael Walkley. He thinks high demand plus a bigger price tag will turn into even more sales worldwide, so he's raising his target price for the company's stock from US$102 up to $112.
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Analysts have high expectations for the iPhone 6. If Apple doesn't live up to those expectations get ready for the usual "Apple is doomed" reports.
Apple updated the built-in security safeguards in OS X to block versions of Flash prior to 184.108.40.206 from running following the discovery of a flaw in the multimedia platform that could let attackers steal login credentials for thousands of websites. Adobe released an update for Flash on Mac, Windows, and Linux earlier this week to address the issue, too.
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TMO Daily Observations: 2014-07-24
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