Tag Archives: aapl

Apple Supplier Among 3 Top Earnings Reports Tonight

After a busy morning of earnings, a slew of financial reports are after the close, including Apple (AAPL) supplier NXP Semiconductor (NXPI), Chinese search giant Baidu (BIDU) and cystic fibrosis drugmaker Vertex Pharmaceuticals (VRTX). NXP Semiconductor makes chips that are used in the Apple iPhone, helping to power the new Apple Pay service. But NXP serves other mobile customers, and is expanding its work with Chinese partners as part of a smart

Apple TV ‘Best Bet’ For Boosting Service Revenue

If Apple (AAPL) jumps into the over-the-top (OTT) Internet TV battle, its service revenue — an overlooked part of the iPhone maker’s product portfolio — would get a boost, analysts say. Apple’s service business, which includes the iTunes online store, rose 9.2% in fiscal Q2 2015 ended March 28 to $4.996 billion. Analysts estimate it’s on track to grow 11% to 12% annually through fiscal 2016. As it stands, the service business is a bit smaller than

Apple’s vague Watch comments dissected on Wall Street

Apple (AAPL) CEO Tim Cook on Monday gave no specifics on Apple Watch pre-orders or first-weekend sales, leaving analysts on Wall Street to parse his vague comments for deeper meaning on the new product. On a conference call with analysts late Monday to discuss March-quarter earnings, Cook commented generally on the Apple Watch, which went on sale Friday in nine markets after two weeks of pre-orders. “All around the world, we’ve seen the excitement on social networks as people start using their Apple Watch. The response has been overwhelmingly positive,” he said. Demand for the new smartwatch currently is greater than supply, Cook said. Apple expects to have enough production capacity by late June to begin offering the Apple Watch in additional countries, he said. The wearable device went on sale Friday in nine markets: Australia, Canada, China, France, Germany, Hong Kong, Japan, U.K. and U.S. Apple is selling the…