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🐂🐂🐂 About Apple🍎 Earnings & Share Price🥳
@LMSunshine:$Apple(AAPL)$ ended at an 8-month peak of $169.68 on 28/4 (Fri), the highest level since 26/8/22🐂🐂🐂 At its current valuation, 🍎 has a market cap of $2.68 trillion, making it the most valuable company trading on the 🇺🇸 stock exchange. Shares are up 30.6% so far in 2023, almost quadrupling the 7.7% rise in the S&P 500 index, was outperforming the broader market by a wide margin over the same timeframe🥳🥳🥳 ⭐️ I expect 🍎 to follow 🐂-ish earnings reports MSFT, GOOGL, META, & AMZN last week $Alphabet(GOOGL)$ Bullish$Amazon.com(AMZN)$ Bullish$Meta Platforms, Inc.(META)$ Bullish$Netflix(NFLX)$ Bullish ⭐️ Earnings per share are expected to be $1.43, a decline of 5.9% from a year ago, according to Investing Pro data, due to elevated operating expenses amid the current macro backdrop. ⭐️ Revenue in the March quarter is forecast at $92.84 billion, or a 4.5% decrease annually, as 🍎 faces weak demand for its Mac computers amid a deteriorating PC market. ⭐️ Analysts have raised their EPS estimates 10 times in the past 90 days, while 19 of the analysts surveyed downwardly revised their AAPL earnings forecast. ⭐️ Despite the expected decline in profit & sales growth, AAPL’s services business (the fastest growing segment in fiscal Q1 with annualised revenue growth of 6.4%) is expected to shine🌟🌟🌟 The segment includes sales from the App Store, Apple Card payment fees, subscriptions, extended warranties, licensing fees, & advertising. ⭐️ Last week, in partnership with Goldman Sachs (GS), 🍎 announced its entry into the banking system by offering a high-interest (4.15%) savings account for Apple Card holders. ⭐️ As part of its growing streaming investments, during the quarter 🍎 began a 10-year partnership with Major League Soccer, launching MLS Season Pass, which gives soccer fans access to every live MLS regular season game as well as the playoffs & MLS Cup. ⭐️ AAPL’s new line of hardware products such as the new MacBook Pro, which are powered by the company’s new M2 Pro & M2 Max chips. These models offer not only robust performance, but they also use less energy which elongates the battery life🥳🥳🥳 🍎 is well positioned to withstand the challenging economic climate given its dependably profitable business model, healthy balance sheet & safe cash pile💵💵💵 Do follow me if you enjoy reading analytical stock research🔍 presented in a fun & easily understandable way😉 & for the Latest Stock & 🗞🗞🗞 Updates🕵🏻♀️❣️ Please help to click on the “Like” & “Share/Repost” buttons at the Bottom Right corner so that more 🐯🐯🐯 can access this information, many thanks🤗🥰 You will Greatly Encourage Me❣️ As usual-🤔💭 Consider POV & Actions of Investors + 👩🏻💻👨🏻💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰 @TigerStars @CaptainTiger @MillionaireTiger
🐂🐂🐂 About Apple🍎 Earnings & Share Price🥳Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.