Apple's market capitalization was over $1 trillion again today ... for a while

Apple's market capitalization was over $1 trillion again today ... for a while

After a rough few months, Apple has proven to Wall Street analysts that it does know what it’s doing and that it is definitely moving beyond dependency on the iPhone as the sole driver of revenue. After yesterday’s Q2 2019 earnings call, the company jumped in after-hours trading, and investors have been scooping up shares of AAPL since the ring of the bell this morning. Apple shares closed up 4.91% at $210.52 per share, leaving the company’s market capitalization at $992.66 billion. Sadly, it closed under the trillion dollar mark, having exceeded that level for most of the trading day.

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It's official: Apple briefly passed the $1 trillion market cap mark

It's official: Apple briefly passed the $1 trillion market cap mark

Although there were a few premature announcements earlier this morning, Apple officially became the first publicly-traded corporation to reach a $1 trillion market cap by reaching a brief high share price of $207.05. Shares in AAPL are now bobbling around the $206.88 - $207 range, so the company might not be celebrating its trillion-dollar baby at the end of the day.

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Apple's services sector is skyrocketing

Apple's services sector is skyrocketing

Services growth is driving Apple's continuing financial success, with a whopping 31 percent increase in services revenue year over year. These services include digital content and services, AppleCare, Apple Pay, licensing and other services. One of the pieces of that services pie that was only noted in a footnote on the Summary Data was a $236 million cash injection that appears to be a result of the final resolution of the Samsung lawsuit.

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iPad sales surprisingly strong in Q3 2018

iPad sales surprisingly strong in Q3 2018

One other fascinating number out of today's Apple earnings call shows that the slide in iPad sales appears to have been halted. The entire tablet sector had been weak for the past several years, and unit sales of the iPad were indicative of the condition of the entire tablet market. This last quarter, though, iPad sales jumped 27 percent over the previous quarter and 1 percent over the same quarter in 2017. 

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AWT News Update: November 2, 2017

AWT News Update: November 2, 2017

Apple's Q4 2017 earnings call was today, and the company continues to soar, briefly touching the $900 billion market cap level after the close of trading today. It was good news all around!

  • Revenues and EPS beat the company's guidance and the street's estimates
  • While the iPhone still accounts for more than half of the company's revenues, the oldest member of the family -- the Mac line -- generated 14% of revenues
  • iPad sales have stopped their slide, primarily thanks to enterprise embracing the device as a laptop alternative
  • Guidance for Q1 2018 (ending December 31, 2017) is bullish, based on forecasted sales of iPhone X
  • We talk about Qualcomm's latest lawsuit against Apple
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AWT News Update: May 8, 2017

AWT News Update: May 8, 2017

It's Monday, but that's not necessarily a bad thing. At least you have another episode of the AWT News Update to listen to!

  • AAPL closes at $153.00 per share, with a record market cap of $811 billion
  • Microsoft announces a Cortana-based "smart speaker" to compete with Amazon and Google products, as well as Apple's rumored device
  • Apple will present plans tonight in Washington D.C. regarding its planned renovation of the historic Carnegie Library into a retail outlet 
  • The cost to break into the San Bernardino terrorist's iPhone 5c? $900,000
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AWT News Update: February 15, 2017

AWT News Update: February 15, 2017

Today's Apple news comes from all over the map, literally and figuratively:

  • Warren Buffett's Berkshire Hathaway bet big on Apple in the last quarter of 2016, a bet that has already paid off
  • Members of a Madrid, Spain gang with sharp teeth made off with some iPhones before getting caught
  • Comcast announces a new app that will turn your Apple devices into more TVs on which you can watch most of Comcast's content at no extra cost
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AWT News Update: February 1, 2017

AWT News Update: February 1, 2017

After yesterday's earnings call, there's more good news for Apple:

  • AAPL closed today at $128.75 per share
  • Wall Street analysts bumped up their estimates for Apple shares in the future
  • The iconic Fifth Avenue Store will be more than double in size after the current renovation work is completed
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AWT News Update: January 31, 2017

AWT News Update: January 31, 2017

Today's podcast is designed to provide our listeners with the highlights of today's Apple first fiscal quarter 2017 earnings call in five minutes. We listened to the call so you didn't have to, then distilled the hour-long discussion down to a five-minute overview of the most salient points.

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Apple Q1 2017 Earnings beat the street

Apple Q1 2017 Earnings beat the street

Apple just announced its earnings for the first fiscal quarter of 2017 ending December 31, 2017. 

The company beat the street today, reporting the following:

  • Earnings Per Share (EPS): $3.36 vs. $3.21 expected by a Thomson Reuters consensus estimate
  • Revenue: A record $78.4 billion vs. $77.25 billion expected
  • iPhone sales: 78.3 million, beating 77.42 million expected
  • Services revenue: $6.91 billion
  • Q2 guidance: $2.08 EPS, expected revenue of $53.79 billion
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Brisk iPhone 7 sales expected to bring Apple best holiday quarter revenue ever

Brisk iPhone 7 sales expected to bring Apple best holiday quarter revenue ever

Santa apparently left Apple something nice under the tree this year. Brean Capital analyst Ananda Baruah thinks that Apple could end up the first fiscal quarter of 2017 (ending December 31, 2016) with earnings of greater than $76 billion. That figure would be better than the record set just last year. Of course, Santa may also be leaving a lump of coal for later in the year...

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