Aug 29, 8:12 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Stephen Culp 08/29/18 AT 7:32 PM Wall Street extended its rally on Wednesday, with the S&P 500 and the Nasdaq hitting record highs for the fourth straight session as technology companies pushed indexes higher and promising trade negotiations stoked investor sentiment.Apple Inc (AAPL.O) led the technology sector’s advance, and the iPhone maker’s shares hit an all-time closing high at $222.98.The FAANG group of momentum stocks also got a boost from Morgan Stanley’s price target increases for Amazon.com (AMZN.O) and Alphabet Inc (GOOGL.O).Amazon’s stock gained 3.4 percent, leading the consumer discretionary sector’s .SPLRCD advance, as the company edged closer to becoming the second U.S. company, after Apple, to reach $1 trillion in market value.The remaining FAANG stocks, Facebook Inc (FB.O) and Netflix Inc (NFLX.O), closed … [Read more...] about Stock Market Today: Wall Street Extends Rally, Tech Leads S&P, Nasdaq To Record Highs
Aapl stock price today
Graham Rapier, provided by Published 1:57 pm, Thursday, June 14, 2018 Stephen Lam/Getty Apple made 62% of its revenue from iPhones last year — but that segment is quickly losing ground to Services. Services — like iTunes and the App Store — have grown by a third, the company said in its last earnings report. However, UBS data show that iPhone sales are still at the front of investors’ minds. Follow Apple’s stock price in real-time here. Apple sold a whopping 52.2 million iPhones during the second-quarter. While that’s a huge number, one that netted the company $61 billion in revenue, more focus has been given recently to Apple’s Services businesses. That line — which has nothing to do with hardware and instead comprises of things like the App Store, iTunes, and Apple Music — has been growing faster than any other segment for the company. Despite the 31% annual surge in Services revenue, investors are still laser … [Read more...] about Apple’s fastest-growing business isn’t the iPhone — but that’s still what investors care the most about (AAPL)
Graham Rapier, provided by Published 10:14 am, Thursday, May 24, 2018 Getty Apple could reach a $1 trillion market cap in the next year, Morgan Stanley said Thursday. The bank upped its price target to $214 for the stock, citing Apple's hugely successful Services business. Follow Apple's stock price in real-time here. Morgan Stanley has once again raised its price target for Apple. The firm's new price target of $214 a share, announced in a note to clients Thursday, would result in a market cap of $1.024 trillion, thanks to a booming services business that could make up for any slump in iPhone sales. "Services is fast becoming Apple's primary growth driver," analyst Katy Huberty said in the note. "Apple revenue grew at an 8% CAGR over the last five years, driven in large part by sales of its flagship iPhone. But as device replacement cycles extend and device installed base growth slows to single digits, we believe Services will pick up the growth baton and account … [Read more...] about Apple could hit $1 trillion within a year, Morgan Stanley says (AAPL)
Matt Weinberger, provided by Published 12:12 pm, Monday, May 7, 2018 Spencer Platt/Getty Warren Buffett says that his decades-long relationship with Bill Gates is why Berkshire Hathaway will never buy Microsoft stock — it might create the illusion that Gates is leaking insider info. Gates and Buffett have been friends since 1991. While Buffett won't buy Microsoft, he just took a huge stake in Apple. But Gates was hugely supportive in an interview on CNBC, saying that Buffett made a smart choice. Microsoft is on a roll: Thanks to the ongoing success of its cloud computing business, the tech titan's stock price has soared over 40% in the last year, making it a $733 billion company. LATEST BUSINESS VIDEOS Now Playing: Now Playing How an Elite Group of eSport Ballers Got to Play in NBA 2K Cheddar TV Google Joins Gun Emoji Debate, Switching to a Water Pistol Buzz 60 DocuSign CEO: IPO Has Been 'Rewarding' Cheddar TV Google Joins Gun Emoji Debate, … [Read more...] about Warren Buffett says he’ll never invest in Microsoft because of his billionaire bromance with Bill Gates (MSFT, AAPL)
Published April 20, 2018 Markets Motley Fool Facebook Twitter Comments Print Apple (NASDAQ: AAPL) stock has had a rough run this week, falling about 6% at the time of this writing. Bearishness in the stock price was isolated to the last two days of the week as several analysts warned of weaker-than-expected iPhone sales. With iPhones accounting for 62% of trailing-12-month revenue, it's easy to see why any downward revisions for iPhone sales estimates could worry investors. With Apple's fiscal 2018 second-quarter earnings report scheduled for May 1, iPhone sales are about to come into focus. Investors will not only get to see iPhone sales for Apple's second quarter, but they'll get some insight into how the key product line is faring today by looking at Apple's guidance for third-quarter revenue. Continue Reading Below But could this sell-off in Apple shares be a buying opportunity? Reducing forecasts On Thursday, analysts from Merrill Lynch and JPMorgan … [Read more...] about Apple Stock Pulls Back: Is This a Buying Opportunity?