Tag Archives: aapl

Bullish PayPal Calls: Braintree A Plus Vs. Apple Pay

Competition with Apple (AAPL) and Google (GOOGL) in mobile payments isn’t scaring most Wall Street analysts from initiating coverage on PayPal with bullish calls. Citigroup, Barclays and Raymond James on Wednesday initiated coverage on online payments processor PayPal (PYPL), which started trading on Monday following its spinoff fromeBay (EBAY), with buy, overweight and outperform ratings, respectively. Despite the burgeoning rivalry with Apple and

5 key takeaways from Apple’s mixed Q3 earnings report

Apple (AAPL) failed to live up to the lofty expectations of some investors in the June quarter, despite posting sales and earnings that beat Wall Street’s targets. Unit sales of the iPhone disappointed and Apple Watch sales appeared to be light. Apple stock was down 4.5%, near 125, in afternoon trading on the stock market today. Apple reported fiscal third-quarter results late Tuesday. Apple earned $1.85 a share, up 44.5% year over year and 4 cents ahead of Wall Street’s target. Sales rose 32.5% to $49.61 billion, just above the $49.43 billion forecast by analysts polled by Thomson Reuters. Apple’s Q3 revenue growth was its biggest increase in over three years.

Apple’s iPhone Unit Sales Disappoint, Stock Tanks

Apple late Tuesday crowed about iPhone revenue in the June quarter, but remained silent about how many Apple Watches it sold. The Cupertino, Calif.-based tech titan beat Wall Street expectations in its fiscal third quarter ended June 27, but not by a lot. Apple (AAPL) also gave soft Q4 sales guidance and said its gross profit margin would dip sequentially. In Q3, Apple earned $1.85 a share, up 44.5% year over year and 4 cents