Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, August 4, 2017

Article Excerpt

APPLE INC., $156.39, Nasdaq symbol AAPL, gets about 55% of its revenue from iPhone sales. The remaining 45% comes from sales of its Mac computers, iPad tablets and Apple watches as well as the software, movies and music sold through its online stores. The stock rose 5% this week on stronger-than-expected iPhone sales. The company also reported higher demand for iPads and Mac computers. In its 2017 third quarter, ended July 1, 2017, Apple sold 41.0 million iPhones. That beat the consensus forecast of 40.7 million. The latest sales are also up 1.6% from 40.4 million a year earlier. As well, iPad sales jumped 14.8%, while Mac computer sales gained 0.9%. Moreover, revenue from services, including its iTunes download store and Apple Pay electronic payments, jumped 21.6%. As a result, Apple’s total revenue in the quarter rose 7.2%, to $45.4 billion from $42.4 billion a year earlier. That beat the consensus forecast of $44.9 billion. Earnings in the quarter improved 11.8%, to $8.7 billion…