Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, August 3, 2018

Article Excerpt

APPLE INC., $207.99, Nasdaq symbol AAPL, gets 65% of its revenue from iPhone sales. The remaining 35% comes from the sale of Mac computers, iPad tablets, iPod music players and Apple watches. The software, movies and music the company sells through its online stores also contribute to that 35% of revenue. The stock rose to an all-time high this week after the company reported better-than-expected quarterly results. For its 2018 third quarter, ended June 30, 2018, Apple sold 41.3 million iPhones, up 0.7% from 41.0 million a year earlier. However, the latest sales fell short of the consensus forecast of 42.0 million. Apple is, however, selling more of its higher-priced iPhone X model. That’s largely why its total revenue in the quarter gained 17.3%, to $53.3 billion from $45.4 billion a year earlier. That beat the consensus forecast of $52.4 billion. During the quarter, iPad sales improved 1.1%, but Mac computer sales declined 13.3%. Revenue from services, including the processing of Apple Pay electronic…