Tag AAPL

Apple's (AAPL) third quarter results beat analyst estimates on both the top and bottom lines. Earnings of $1.26 was better than the $1.20 estimate, while revenue of $81.80 billion topped the estimate of $81.55 billion. However, iPhone and iPad sales did fall short of Wall Street expectations. Constellation Research Founder Ray Wang and Technalysis Research President and Chief Analyst Bob O’Donnell joined Yahoo Finance Live to discuss the report. O'Donnell says the results were "not bad" considering the overall decline in smartphone sales. Wang agreed, calling the report "much better than expected." As Wang points out, what is key for Apple is "how much many they can make per device. It's not about total iPhone sales. And what they were able to show is that services that services is continuing to grow and the non-iPhone sales around wearables is also picking up. Those two are complimentary." When it comes to its international business, Apple has been focusing a lot on India. O'Donnell says "it is going to be incredibly important" to Apple down the line. However, there will be a couple of challenges for Apple in the country too. First, he says "we haven't see as many premium phones, in general, sell there," though he says Apple does have some older models it could sell there. O'Donnell's second point is that "I think we are going to see some slower attach to services there," noting that services are not used to the degree they are in other markets. On the plus side though, O'Donnell says Apple has "almost no install base in India, it's extraordinarily small. So, the great thing is, it's almost nothing but upside for them there."...

Apple’s eked out a slightly higher profit last quarter even though sales dipped during the period, a showing that may not be enough to sustain investor enthusiasm that recently made the iPhone maker the first publicly held U.S. company to be valued at $3 trillion. Apple also indicated revenue for the current July through September quarter is expected to decline, despite the anticipated release of the next iPhone. The disappointing forecast, coupled with the lukewarm results for the past quarter, caused Apple's stock to fall 2% in Thursday's extended trading...

Apple’s fiscal third quarter results are out. The tech giant booked less revenue than a year ago from its signature products, while its services business did better. Here is a roundup of how each major product segment fared: + iPhone revenue of $39...

Apple CEO Tim Cook said the tech giant will continue to invest in AI technologies as it looks to add more customers to its record-high base...

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