Apple Reports Record Fourth Quarter Results

Apple (AAPL) iPhone Growth Sustains Despite Worries, RBC Capital Notes

October 28, 2015 9:03 AM EDT

RBC Capital analyst Amit Daryanani reiterated an Outperform rating and $150 price target on Apple (NASDAQ: AAPL) noting iPhone growth sustains despite the worries.

Daryanani commented, "AAPL printed upside to Sept-qtr results and guided Dec-qtr inline with street expectations (though we suspect much... More

Apple (AAPL) Revenue Guidance 'a Source of Relief', BMO Capital Says

October 28, 2015 8:50 AM EDT

BMO Capital analyst Keith Bachman reiterated an Outperform rating and $145 price target on Apple (NASDAQ: AAPL). While the analyst had expected weakness in revenue guidance, Applel's guide was only about 80 bps lower than consensus at the midpoint.

"Against a wall of worry created by the supply chain, we... More

Apple (AAPL) iPhone Growth Continues on China, Low Installed Base Penetration, and Android Switchers - Stifel

October 28, 2015 8:41 AM EDT

Stifel analyst Aaron Rakers reiterated a Buy rating and $150 price target on Apple (NASDAQ: AAPL) following Q4 results noting iPhone growth continues on China momentum, low installed base penetration and android switchers.

Rakers commented, "While concern over slowing / negative iPhone growth is likely... More

Apple (AAPL) Expected to Trade 'Range Bound' For Next Few Quarter - Deutsche Bank

October 28, 2015 8:34 AM EDT

Deutsche Bank maintained a Hold rating on Apple (NASDAQ: AAPL) with a price target of $125. Analyst Sherri Scribner said Q4 had some misses and some wins, but overall she continues to see valuation as fair. She also noted limited catalysts and said... More

Tough Comps Likely to Impact Apple (AAPL) Stock Performance, Mizuho Securities Says

October 28, 2015 8:28 AM EDT

Mizuho Securities analyst Abhey Lamba reiterated a Neutral rating and $125 price target on Apple (NASDAQ: AAPL) following Q4 results, noting iPhone unit outlook is in-line with the Street but tough compares will likely impact the stock performance.

Lamba commented, "Apple reported F4Q15... More

iPhone and China Drives Apple (AAPL) Growth, Macquarie Highlights

October 28, 2015 7:30 AM EDT

Macquarie analyst Ben Schachter affirmed his Outperform rating and $133 price target on Apple (NASDAQ: AAPL) after the company beat estimates after the close. The analyst was positive on iPhone and China growth.

Schachter commented, "iPhone and China growth were the key positives, as each drove... More

Apple (AAPL) 'Climbing the Great Wall of Worry', Drexel Hamilton Says

October 28, 2015 7:24 AM EDT

Drexel Hamilton analyst Brian White reiterated a Buy rating and $200 price target on Apple (NASDAQ: AAPL) following Q3 results, saying the company is effectively "climbing the wall of worry" with the iPhone super cycle intact.

White highlighted:

Up against a wall of worry heading into this report, Apple delivered Q4:FY15 results that beat our EPS estimate (and the Street) and provided a healthy 1Q:FY16 outlook with the company's trademark conservatism.Despite difficult YoY comparisons, the company expects iPhone growth in 1Q:FY16, while Apple fever continued... More

Apple (AAPL) PT Trimmed to $140 at Credit Suisse Post Q4

October 28, 2015 7:21 AM EDT

Credit Suisse analyst K. Garcha reiterated an Outperform rating but trimmed its price target on Apple (NASDAQ: AAPL) to $140.00 (from $145.00) following Q4 results.

Garcha commented, "We maintain our Outperform rating, and slightly adjust our above consensus CY16 EPS estimates to $10.40. Given significant concerns... More

Apple (AAPL) PT Raised to $179 by Piper Jaffray's Munster; Share Gains Drive Outlook

October 28, 2015 6:58 AM EDT

Piper Jaffray analyst Gene Munster reiterated an Overweight rating and bumped his price target on Apple (NASDAQ: AAPL) to $179.00 (from $172.00) following solid Q4 results and outlook. The analyst notes share gains drive the outlook for positive iPhone units.

Munster commented, "Apple guided Dec-15... More

Apple (AAPL) Quarter/Guidance Given 'B+' at FBR Capital

October 28, 2015 6:38 AM EDT

FBR Capital analyst Daniel Ives reiterated an Outperform rating and $175 price target on Apple (NASDAQ: AAPL) following better-than-feared results.

Ives commented, "Heading into last night's FY4Q15 (September) results, Apple investors were bracing for the worst and hoping for the best, and they ultimately received a B+ quarter/ guide that was better than feared, in our opinion. With September results only including two days of the iPhone 6s launch,... More

iPhone Upgrade Programs Makes Apple (AAPL) Into a Subscription-Based Business, Oppenheimer Comments

October 28, 2015 6:31 AM EDT

Oppenheimer analyst Andrew Uerkwitz reiterated an Outperform rating and $155 price target on Apple (NASDAQ: AAPL) following Q4 results. The analyst highlighted the doubling of Greater China sales.

Uerkwitz commented, "Apple delivered a solid September quarter despite FX headwinds and macro concerns. Apple's 99% Y/Y sales growth in China and strong momentum in software/service revenues prove again... More

Apple (AAPL) Analysts Mostly Pleased with Numbers and Outlook

October 27, 2015 5:45 PM EDT

A handful of analysts weighed in on Apple (NASDAQ: AAPL) following results after the close. Apple reported Q4 EPS of $1.96, $0.08 better than the analyst estimate of $1.88. Revenue for the quarter came in at $51.5 billion versus the consensus estimate of $51.12 billion. iPhone units were 48.05M compared to consensus... More

Apple (AAPL) Declares $0.52 Quarterly Dividend; 1.8% Yield

October 27, 2015 5:13 PM EDT

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

The dividend will be payable on November 12, 2015, to stockholders of record on November 9, 2015, with an ex-dividend date of November 5, 2015.

The annual yield on the dividend is 1.8 percent.

For a... More

Apple (AAPL) Shares Trade Up After Beating Most Metrics, But Just by a Smidge

October 27, 2015 4:40 PM EDT

Apple (NASDAQ: AAPL) reported financial results today after the market close and the stock is trading up 2.8% in the aftermarket. Revenue of $51.5 billion beat expectations of $51.1 billion. Gross Margin of 39.9% was slightly higher than consensus of 39.5%. EPS of $1.96 beat consensus of $1.87.

Guidance for... More

Apple (AAPL) Tops Q4 EPS by 8c

October 27, 2015 4:30 PM EDT

(Updated - October 27, 2015 4:33 PM EDT)

Apple (NASDAQ: AAPL) reported Q4 EPS of $1.96, $0.08 better than the analyst estimate of $1.88. Revenue for the quarter came in at $51.5 billion versus the consensus estimate of $51.12 billion.

iPhone units were 48.05M compared to consensus of 48M, Mac units were 5.71M compared to expectations of 5.7M and iPad units were 9.9M versus... More