Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, May 5, 2017

Article Excerpt

APPLE INC., $148.96, Nasdaq symbol AAPL, gets about 65% of its revenue from iPhone sales. The remaining 35% comes from sales of its Mac computers, iPad tablets, iPod music players and Apple watches as well as the software, movies and music sold through its online stores. In its 2017 second quarter, ended April 1, 2017, Apple sold 50.8 million iPhones. That missed the consensus forecast of 52.0 million. The latest sales are also down 0.8% from 51.2 million a year earlier. The decline is likely because users are waiting for Apple to launch its new iPhone 8 model later this year. The company has yet to confirm that model, but it would likely include several major improvements over the current version: a new high-definition screen, wireless charging and a fingerprint scanner for better security. Even though Apple sold fewer phones, it’s selling them at higher prices. That’s largely why its overall revenue in the quarter rose 4.6%, to $52.9 billion from $50.6…