Apple posted a “modest beat” for fiscal Q324 revenue and earnings, supported by strength across most divisions, and projected Q4 gains in iPhone and service segments signal “the best is yet to come,” BofA Securities said Thursday in a note to clients.
MT Newswires:
Results on from Q3 showed “growth accelerated in iPhone, iPad and wearables and across regions,” while guidance for the September quarter was “conservative,” BofA said.
“We see upside in iPhones/Services given the upcoming launch of iPhone 16 with Apple Intelligence,” BofA said. “We further see the potential for significant acceleration of units in the December quarter and overall in FY25 with the rollout of Apple Intelligence.”
BofA reiterated its buy rating on Apple, citing “potential for consensus estimates to be revised higher given multiyear iPhone upgrade cycle, tailwinds to gross margins and strong cash flows.”
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MacDailyNews Note: BofA also reiterated its $256 target price on Apple shares.
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[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
I only want this dream comes true for Christmas 🎄 Wedbush hikes Apple price target to $275 as AI iPhone supercycle looms!.🎄🎄👍
“…the 93-year-old Omaha billionaire had been busy quietly dumping his most iconic holding…”
Buffett Calls The Top: Berkshire Quietly Dumps Half Its Apple Shares Amid Unprecedented Selling Spree
https://www.zerohedge.com/markets/buffett-calls-top-berkshire-quietly-dumps-half-its-apple-shares-amid-record-liquidation
He still kept half, but if anything it’s a sign that Buffett himself sees Apple (and Big Tech in general) as a 50/50 bet for the near future.
What makes you think Buffett is managing BH? He didn’t originally choose Apple, and he’s got zero interest in technology. Abel and others are steering the ship now, and they are merely hedging their bets until the election year turbulence dies down and President Harris announces tax reforms that aim to claw back obscene compensation from corrupt corporate executives and loopholes from their corporate mob organizations. Then maybe BH will plow their cash into American productivity instead of sugar water and overpriced insurance companies.
It’s over, bless your name-appropriating heart.
Anyone who claims it isn’t over is either lying or they think they can again harvest and stuff enough Dem votes into the system.
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