Apple (AAPL) PT Lowered to $195 at Morgan Stanley

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Go back to Apple (AAPL) PT Lowered to $195 at Morgan Stanley

Apple (AAPL) Beats Estimates but Shares Dip on Supply Chain Warning, Analysts Remain Bullish as Headwinds are 'Transitory'

April 29, 2022 6:15 AM EDT

Apple (NASDAQ: AAPL) reported EPS and revenue that beat consensus estimates but shares are still down 2.5% on supply chain commentary.

The tech giant reported EPS of $1.52 in the second quarter, up from $1.40 in the year-ago period and above analyst estimates of $1.42 per share. Revenue stood at $97.28 billion in the period, up 8.6% YoY, topping the consensus projection of $93.98 billion.

Products revenue came in at $77.46 billion, up 6.6% YoY and above the projected $75.4 billion. Apple generated $50.57 billion in iPhone revenue, up 5.5% and beating the estimated $49.16 billion.

Mac revenue totaled $10.44 billion, up 15% YoY and compared to... More