AAPL) ownership of shares than an existing 4-by-1 division, says Wamsi Mohan, a technology analyst at Bank of America’s Merrill Lynch, “data-reactid =” 16 “> There are more exciting things about stock ownership of Apple (AAPL) than a new market.Division into 4-by-1 shares, says Wamsi Mohan, technology analyst at Merrill Lynch, Bank of America.
saving on third quarter tax results“data-reactid =” 17 “> To be precise, ten exciting things in the eyes of Mohan, who offered a neat list on Friday after the irruption of Apple’s fiscal results in the third quarter.
“(1) Growth in product revenue despite COVID-19-related store closures and permanence in orders during the third fiscal quarter reaffirms our confidence in the compliance of the installed base, (2) the profit of the stimulus shows the continued price elasticity of iPhone demand, (3) new iPhone.the delay creates weakness in September, but at the height of the December quarter (4) management expects the performance of the product other than the iPhone will remain until the fourth fiscal quarter (5) bases installed for iPad and Mac attracting new users and growth continues to exceed expectations (6) Services grew more slowly than expected, but the margins have an upward bias (7) Apple posted new all-time revenue records for App Store, Apple Music, Video and Cloud services. (8) Strong capital performance returned 21 billion of dollars to shareholders in the first quarter of the calendar with $ 15.9 billion in rewards, $ 3.7 billion in dividends), (9) Apple announced a 4 by 1 stock split, (10) balance sheet remains solid with net cash of $ 81 billion and a strong generation of free cash flows, ”writes Mohan.
The analyst reiterated its buy rating on Apple shares and moved its price target up to $ 420 from $ 410.
first $ 2 trillion market leader company. Mohan is not alone in his optimism after gains at Apple, most analysts have come out on Friday with revised upward price targets and year-round earnings estimates. “Data-reactid =” 35 “> Apple shares rose 7% to a record high, and on Friday the tech giant came close to becoming the first $ 2 trillion market leader, Mohan it’s not alone in its optimism after gains at Apple – most analysts have come out on Friday with revised upward price targets and year-round earnings estimates.
Yahoo Finance’s first trade“data-reactid =” 36 “>” For me, this was just a massive quarter, “Wedbush technology analyst Dan Ives told Yahoo Finance’s first trade.
Blowing in fact.
Apple posted fiscal gains in the third quarter of about 54 cents ahead of consensus estimates, despite the global recession caused by the COVID-19 pandemic. Total sales of $ 59.7 billion fell to $ 52.3 trillion. Apple grew in all its product segments and geographies. Apple CEO Tim Cook credited the strength to the iPhone as the main engine for the big top and bottom lines.
“It was better than we thought largely because as we noted in the observations prepared in May and June they were much better,” Cook told analysts at an iPhone performance conference in the quarter.
Brian Sozziis a comprehensive editor and co-anchor ofThe first tradeand Yahoo Finance. Follow Sozzi on Twitter@BrianSozziyenLinkedIn.“data-reactid =” 40 “>Brian Sozzi is a comprehensive editor and co-anchor of The first trade and Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi yen LinkedIn.