Kit Rees and Joe Easton for BloombergQuint:
Apple’s guidance for the all-important September quarter cheered Wall Street amid concerns about the impact on sales from the U.S.-China trade war and increasing competition from smartphone rivals.
Goldman Sachs and Piper Jaffray raised their price targets… The shares jumped 4.3% in pre-market trading on Wednesday. The gain could push the company’s market value back above $1 trillion, depending on the number of shares Apple had outstanding at the end of the quarter. Apple is approaching a year-to-date high reached in May…
[Wedbush analyst Daniel Ives wrote]: Overall, would characterize this quarter/guidance as a “major feather in the cap for the bulls,” that should drive the stock to new highs over the coming months.
MacDailyNews Take: Trillion-dollar market cap, here we come again!
This is is all Tim Cook’s fault, he has done nothing for Apple, we apple haters want to Pipeline Timmy fired.
Pipeline Timmy can be successful — Apple is a profit machine, even if he did nothing — just not to the the same degree as a charismatic CEO with vision would be.
Steve Jobs had a name for inept commenters like this, prior CEOs of Apple (and record executives of the early 2000s…. BOZOS! Tim is doing just great, Thank you.