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Good point on the memory chip as APPLE has nearly doubled capacity in past models. Do they have long term contracts on them ahead of time which caused the shortage perhaps?
Whats the under and over on the lines at the apple store for iPhone 8 – always amazes me that cultish behavior up there with lines before Star Wars and Star Trek movies.
Apple $AAPL earnings per share of $1.67 on sales of $45.4 billion in the June quarter, compared with $1.42 and $42.36 billion in the year-earlier period.
Analysts expected Apple to earn $1.57 a share on sales of $44.89 billion in its fiscal third quarter.
Apple $AAPL +3.4% in after-hours trading in regular session Apple rose 0.9% to 150.05.
^^^ YES – APPL is the SWISS WATCH of mobile phone OEMs (although Samsung is now the most state of art by far) … They are more expensive but you do get some great quality in manufacturing 🙂 And this is simply a continuation of one of my favorite tech heros of all time, as well as the new team in place ….. even though I use very few of products – I still admire the company as an IT guy 🙂
$AAPL sold 41.03MM iPhones in 3Q17, up 2% from the prior-year period. Revenue generated from iPhone sales grew 3% to $24.84Bil.
Apple sold 11.4MM units of iPad and 4.3MM units of Mac during the quarter.
iPhone-maker $AAPL reported 7% increase in revenue to $45.4Bil in 3Q17. The company witnessed a slowdown in its revenue growth during the quarter due to a pause in iPhone sales, as many customers are awaiting the launch of the much-hyped iPhone 8.
Net income grew to $8.72Bil, or $1.67 per share, compared to $7.8Bil, or $1.42 per share a year ago.
Outlook
For 4Q17, $AAPL expects revenue in the range of $49-52Bil.
Operating expenses are anticipated between $6.7Bil and $6.8Bil,
Gross margin is seen between 37.5% and 38%.Apple generally launches new iPhone models during its fourth quarter (in September), but the upcoming model is likely to get delayed. That may concern punters – we will see stock is up over 5% at the moment so ….
$AAPL up 6% and all four of the FANG stocks gained ground, as Facebook $FB, Amazon.com $AMZN and Netflix $NFLX all posted 0.4% premarket gains. Google-parent Alphabet $GOOGL up slightly also prior to the open.
We are beholden to the great Apple:
Eric Scott Hunsader@nanexllc
During the first 15 minutes today, $AAPL was 10% of the total dollar value of all U.S. stocks AND ETFs traded
Apple Inc $AAPL was reiterated as Outperform with a $176 target price at RBC Capital Markets.
RBC expects big gains into and after the iPhone 8 launch based on its historic launches and notedthat Apple should become the first $1 trillion company in history (versus $827 billion today).
Apple has a 52-week range of $102.53 to $161.83.
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