Apple (AAPL) Declares $0.73 Quarterly Dividend; 1.9% Yield
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January 29, 2019 4:31 PM EST
By Stephen Nellis and Sonam Rai
(Reuters) - Apple Inc reported sharp growth in its services business on Tuesday and Chief Executive Tim Cook said trade tensions between the United States and China were easing, helping boost the company's shares after hours even though iPhone sales dipped in the holiday shopping quarter for the first time.
Apple said sales for the current quarter would most likely be lower than Wall Street expected, a signal that it continues to face weak demand for the iPhone, especially in China, the world's biggest smartphone market.
But investors focused on the... More
January 29, 2019 4:30 PM EST
(Updated - January 29, 2019 4:32 PM EST)
Apple (NASDAQ: AAPL) reported Q1 EPS of $4.18, $0.01 better than the analyst estimate of $4.17. Revenue for the quarter came in at $84.3 billion versus the consensus estimate of $84 billion.
While it was disappointing to miss our revenue guidance, we manage Apple for the long term, and this quarters... More
January 29, 2019 2:33 PM EST
Lynx Equity Strategies analysts KC Rajkumar and Jahanara Nissar weighed in ahead of Apple's (NASDAQ: AAPL) earnings after the close and proclaim it is all about services for the iPhone maker. They suggested hedge funds are either positioned short or on the sidelines for... More
