Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, May 4, 2018

Article Excerpt

APPLE INC., $183.83, 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. For its 2018 second quarter, ended March 31, 2018, Apple sold 52.2 million iPhones, up 2.9% from 50.8 million a year earlier. However, the latest sales fell short of the consensus forecast of 53.0 million. iPad sales improved 2.1%, but Mac computer sales declined 2.9%. Revenue from services, including the processing of Apple Pay electronic payments and purchases made through the iTunes download store, jumped 30.5%. Apple’s total revenue in the quarter rose 15.6%, to $61.1 billion from $52.9 billion a year earlier. That beat the consensus forecast of $60.9 billion. Earnings in the quarter jumped 25.3%, to $13.8 billion from $11.0 billion. Due to fewer shares outstanding, per-share earnings gained 30.0%, to…