Apple (AAPL) Tops Q3 EPS by 4c

UBS Maintains Bullish Views on Apple (AAPL) Following 3Q15

July 22, 2015 10:36 AM EDT

UBS reiterated a Buy rating and $150.00 price target on Apple (NASDAQ: AAPL) following 3Q15. Analyst Steven Milunovich said that apart from a soft iPhone number of 47.5mn, APPL's quarter and outlook met consensus expectations. However, it is unclear if Sep guidance includes... More

Apple (AAPL) China Growth Story Remains Intact, FBR Capital; PT Trimmed to $175

July 22, 2015 9:06 AM EDT

FBR Capital analyst Daniel Ives trimmed his price target on Apple (NASDAQ: AAPL) to $175.00 (from $185.00) following results but maintained an Outperform rating. While not the number bulls were looking for the analyst said the China growth story remains intact.

Ives commented, "Last night, Apple delivered headline numbers modestly beating the Street but softer than bullish Street expectations on the heels of an in-line iPhone number. As Apple has become... More

Apple (AAPL) Shares Will be 'Challenged' as Results Fall Short of High Expectations - Deutsche Bank

July 22, 2015 8:58 AM EDT

Deutsche Bank maintained a Hold rating on Apple (NASDAQ: AAPL) with a price target of $125. Analyst Sherri Scribner commented on the stock following the release of Apple's Q3 results, noting difficultly the company is having meeting high Street expectations. Scribner also pointed out ongoing concerns about peaking smartphone market share.

"AAPL's F3Q-15 revenue, EPS, and GMs were above Street... More

Apple (AAPL) PT Trimmed to $155 at Canaccord Genuity; Calls Results 'Solid'

July 22, 2015 8:46 AM EDT

Canaccord Genuity analyst T. Michael Walkley trimmed his price target on Apple (NASDAQ: AAPL) to $155.00 (from $160.00) following results but maintained a Buy rating calling the results 'solid'.

Walkley commented, "ple reported strong Q3/F15 results above our and consensus estimates. We believe the slightly lower than anticipated iPhone unit sales reported in the June quarter and implied in the September quarter guidance were primarily due to Apple lowering... More

Apple (AAPL) Value 'Fair' Despite Miss, Deutsche Bank Says

July 22, 2015 8:43 AM EDT

Deutsche Bank analyst Sherri Scribner reiterated a Hold rating and $125 price target on Apple (NASDAQ: AAPL) following Q3 results. The analyst noted it is getting hard to beat the bulls but said the valuation is fair despite the miss.

Scribner commented, "below investor... More

Jefferies Maintained Hold Rating on Apple (AAPL) Following 3Q Beat

July 22, 2015 8:33 AM EDT

Jefferies maintained a Hold rating and $135.00 price target on Apple (NASDAQ: AAPL) following 3Q beat. Analyst Sundeep Bajikar said that although the results beat street estimates, the results and guidance missed higher expectations. on top of that, Bajikar said that checks suggested that Apple is facing strong competition, on... More

Piper Jaffray's Munster Actually Raised His Price Target on Apple (AAPL) Post Q3

July 22, 2015 7:30 AM EDT

While investors are out selling shares of Apple (NASDAQ: AAPL) to the tune of -6% following Q3 results, Piper Jaffray analyst Gene Munster is out singing a different tune and actually raised his price target to $172.00 (from $162.00) following the results.

Munster commented,... More

Apple (AAPL) Has Limited Downside, Says Pacific Crest

July 22, 2015 7:20 AM EDT

Pacific Crest maintained a Sector Weight rating on Apple (NASDAQ: AAPL) with a price target of $139. Shares declined after Apple reported disappointing Q3 results. In the view of analyst Andy Hargreaves, downside in the stock is limited.

"We see the risk/reward on AAPL as slightly positive. The stock may lack nearterm catalysts as investors digest the potential for iPhone units to decline... More

Apple (AAPL) Q3 Results 'Very Good' Versus 'Great' Expectations, BMO Capital Says

July 22, 2015 6:48 AM EDT

BMO Capital analyst Keith Bachman reiterated an Outperform rating and $145 price target on Apple (NASDAQ: AAPL) following what they called "very good results" against high expectations. Bachman. They believe that buy-side expectations for iPhones were 50-52 million. The firm's published iPhone estimate for... More

Brean Capital Maintains Bullish View on Apple (AAPL) Post Q3; Street Numbers Materially Low Through ’17

July 22, 2015 6:34 AM EDT

Brean Capital analyst Ananda Baruah reiterated a Buy rating and $170 price target on Apple (NASDAQ: AAPL) following Q3 results, saying Apple should continue driving EPS upside despite softer than anticipated phones.

Baruah commented, "We reiterate our Buy rating and $170 TP (40% implied appreciation) as we continue to believe that Street numbers are materially low... More

Apple (AAPL) Results 'Solid', Susquehanna Says

July 22, 2015 6:27 AM EDT

Susquehanna analyst Chris Caso maintained a Positive rating and $155 price target on Apple (NASDAQ: AAPL), calling last night's report "solid" despite the 7% sell-off in the stock.

Caso commented, "AAPL reported what we consider to be a solid report, though some elements were below the more bullish estimates (ours included). Although there are many moving parts... More

Apple (AAPL) Apple's smartwatch beat internal expectations: CFO

July 21, 2015 4:59 PM EDT

SAN FRANCISCO (Reuters) - Sales of Apple Inc's (NASDAQ: AAPL) smartwatch have exceeded internal expectations since the device's April launch, Chief Financial Officer Luca Maestri told Reuters in an interview on Tuesday.

He also said a strong dollar has created challenges for... More

Apple (AAPL) Declares $0.52 Quarterly Dividend; 1.6% Yield

July 21, 2015 4:55 PM EDT

Apple (NASDAQ: AAPL) declared a quarterly dividend of $0.52 per share, or $2.08 annualized.

The dividend will be payable on August 13, 2015, to stockholders of record on August 10, 2015, with an ex-dividend date of August 6, 2015.

The annual yield on the dividend is 1.6 percent.

For a... More

Apple (AAPL) Suppliers Decline as Shares Plunge Post-Earnings

July 21, 2015 4:51 PM EDT

Apple (NASDAQ: AAPL) suppliers declined post-market after the tech giant reported Q3 results that failed to impress.

Related names include:

Avago Tech (NASDAQ: AVGO)Broadcom (NASDAQ: BRCM)Cirrus Logic, Inc. (NASDAQ: CRUS)InvenSense (NYSE: INVN)Qualcomm (NASDAQ: QCOM)NXP Semiconductors (NASDAQ: NXPI)
... More

Apple (AAPL) Slammed on Ho-Hum Q3 EPS, Weaker iPhone and Watch Sales

July 21, 2015 4:42 PM EDT

iPhone giant Apple (NASDAQ: AAPL) is immediately trading off 7% after-hours Tuesday following third quarter results that were relatively in-line with Street estimates and iPhone and Watch units that missed the Street. The report did little to quell fears... More