Citi Analyst Thinks Apple Could Buy These 7 Companies

· · Analysis

Apple and a Big Pile of Cash

Citigroup analyst Jim Suva put together a list of seven companies Apple could buy with its vast cash hoard. The idea seems more thought exercise than anything else, prompted by Trump administration plans to reduce taxes on corporate profits earned overseas. Bryan Chaffin thinks it’s a fun thought exercise, but Apple’s likely to buy any of these companies.

Apple Watch, AirPods, Beats Sales Hit Fortune 500 Level

· · News

Apple Watch, AirPods, and Beats headphones sales at Fortune 500 level

Apple Watch sales, along with AirPods and Beats headphones have hit Fortune 500 level, which means they’re bringing in over US$5 billion to Apple’s “other products” category. Company CEO Tim Cook shared that detail during the company’s second fiscal quarter earnings report on Tuesday.

Apple's Q2 2017 Earnings Report Today, May 2

· · News

Apple money pile

Apple is hosting its second fiscal quarter earnings conference call this afternoon at about 5PM eastern time after the market closes. The iPhone and iPad maker’s guidance for the quarter is targeting between US$51.5 billion and $53.5 billion in revenue with a gross margin just under 40%.

The iPhone's Future, Prince and Streaming Music - TMO Daily Observations 2017-02-01

· · The Mac Observer's Daily Observations Podcast

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Apple made truck loads of money during its first fiscal quarter for 2017, but that wasn’t the only news from yesterday’s earning report. John Martellaro and Kelly Guimont join Jeff Gamet to share their thoughts on Tim Cook saying the iPhone hasn’t reached maturity yet, plus they look at the news that Prince’s music is coming to Apple Music.

Apple Says It Will Return to Revenue Growth in December Quarter

· · Analysis

Apple with a big pile of money

Apple on Tuesday guided December quarter revenue higher than the year-ago quarter, the first time in four quarters that Apple would beat year-over-year sales. That guidance is a mixed bag of good news and meh news, and it’s complicated by a number of factors. Bryan Chaffin examines those factors.

Apple Beats Guidance with Q4 Earnings, Guides Q4 Above Consensus

· · News

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Apple reported fiscal fourth quarter revenues of US$46.9 billion with earnings of $9 billion on Tuesday. Earnings per share were $1.67. Those results are down year over year from revenues of $51.5 billion, earnings of $11.1 billion, and EPS of $1.96. Gross margins were 38%, down year-over-year from 39.9%. Apple beat consensus estimates on EPS and guided Q4 revenues higher than consensus.