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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC.

(AAPL)
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Apple Shares Remain Down After Company Skips Guidance on Conference Call

10/29/2020 | 05:10pm EST

By Dan Gallagher

As expected, Apple refrained from projecting revenue for the December quarter on the conference call that followed the release of its earnings.

Chief Financial Officer Luca Maestri did however say the company expects iPhone sales to grow in the quarter relative to the same period a year earlier, given the launch of the new devices. Wall Street already was targeting 7% growth year over year for the period, so that was no surprise.

Mr. Maestri added that services would still grow in the double-digit range--which was also already baked into Wall Street's predictions.

Hence, Apple's shares remain down 5% after hours, as investors will likely question how confident the company is about what many analysts have been framing as a "supercycle" in the midst of the pandemic.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

10-29-20 1809ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 2.33% 1795.36 Delayed Quote.30.99%
AMAZON.COM, INC. 1.64% 3220.08 Delayed Quote.71.45%
APPLE INC. 3.08% 122.72 Delayed Quote.58.81%
FACEBOOK INC 3.46% 286.55 Delayed Quote.34.94%
TWITTER 0.34% 46.67 Delayed Quote.45.12%
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More news
Financials (USD)
Sales 2021 315 B - -
Net income 2021 66 259 M - -
Net cash 2021 80 862 M - -
P/E ratio 2021 30,1x
Yield 2021 0,71%
Capitalization 2 024 B 2 024 B -
EV / Sales 2021 6,17x
EV / Sales 2022 5,81x
Nbr of Employees 147 000
Free-Float 99,9%
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 43
Average target price 127,20 $
Last Close Price 119,05 $
Spread / Highest target 26,0%
Spread / Average Target 6,84%
Spread / Lowest Target -37,0%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
APPLE INC.58.81%2 024 065
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XIAOMI CORPORATION145.83%82 455
WINGTECH TECHNOLOGY CO.,LTD13.95%19 950
FITBIT, INC.9.28%1 956
MERRY ELECTRONICS CO., LTD.-15.52%1 037