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%.