AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Morgan Stanley is "increasingly bullish" about the iPhone 12 cycle and has hiked the target Apple stock price, because of better-than-expected sales performance in China, stable build numbers, and other positive data. In a note to investor seen by AppleInsider , lead analyst Katy Huberty writes that the iPhone 12 is "surprising to the upside in China." The trend comes after months of supposed smartphone weakness in China. The analyst estimates that iPhone shipments are up around 40% year-over-year in China in the quarter to date. That's based on smartphone shipment information released by the Chinese government. Since it doesn't break out Android versus non-Android devices, the percentage of smartphones sold in China that are iPhones is an estimate. Total … [Read more...] about Morgan Stanley raises AAPL to $144 on iPhone 12 strength in China
When apple will release iphone 12
Kuo: Apple’s major product lines enjoy healthy demand in Q4, but AirPods shipments muted
TF Securities analyst Ming-Chi Kuo in a note to investors on Tuesday reported stronger than expected demand for the tech giant's major device lines, including high-end iPhone 12 Pro and iPhone 12 Pro Max models. According to a recent survey, demand for Apple's top-tier iPhone 12 models, the new iPad Air , Apple Watch Series 6 and SE , and M1 MacBook models is better than expected moving into the lucrative holiday season, Kuo said. The analyst references a number of previous predictions regarding future products, including new M1 MacBook Pro variants and " AirPods 3 ." The analyst is tracking positive momentum for Apple's important iPhone business despite lower than expected demand for iPhone 12 and 12 mini , with increased interest in the high-end iPhone 12 Pro and 12 Pro Max picking up the slack. Those trends should carry forward into the first half of 2021 and toward an anticipated refresh cycle next fall. Apple's iPad Air, which benefitted from a … [Read more...] about Kuo: Apple’s major product lines enjoy healthy demand in Q4, but AirPods shipments muted
Ten records Apple broke in its historic holiday 2020 quarter
AppleInsider breaks down every record Apple smashed in its gargantuan fiscal quarter ending in December 2020. Apple's first fiscal quarter was one to remember, breaking records left and right on its way to a staggering $111.4 billion in total revenue. While that number was the biggest takeaway, it was far from the only record the company shattered. Total revenue Apple brought in a staggering $111.4B in Q1 2021 During the 1Q 2021 financial quarter, Apple raked in $111.4 billion in total revenue. This is the first time the company has passed $100 billion for a quarter, breaking its previous record of $91.8 billion in the prior year's December-ending quarter. It's all the more surprising that Apple did this during a global pandemic, as many working families cut down on luxury purchases. Impressive iPad and Mac sales boosts may have partially reflected the greater need for work-from-home and Zoom-friendly computing devices. However, the iPhone continued … [Read more...] about Ten records Apple broke in its historic holiday 2020 quarter
Apple’s $111.4B Q1 shatters quarterly record with massive growth across all categories
AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple earned $111.4 billion in revenue in the first quarter of 2021, blasting past the $100 billion barrier for the first time on double-digit growth across all product categories. Announced before the company's usual conference call with analysts, Apple's revenue of $111.4 billion for the quarter ending December 2020 represents growth of 21% on the $91.8 billion seen one year prior , itself a record-setting set of results. Earnings per share is set at $1.68, comparatively higher than the $4.99 seen in Q1 2020 before the four-way stock split . The gross margin of $44.3 billion is up from Q1 2020's $35.2 billion, while operating expenses are up/down year-on-year to $10.8 billion from $9.6 billion. Net profit is $28.8 billion, an improvement from $22.2 billion one … [Read more...] about Apple’s $111.4B Q1 shatters quarterly record with massive growth across all categories
Everything you need to know about USB-C & Thunderbolt 3 on Apple’s new MacBook Pro
Feature AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple has decisively transitioned its new MacBook Pros to use the slim, unidirectional new USB-C port first introduced on the Retina MacBook a year and a half ago. Its latest MacBook Pro machines not only supply more connectors, but also support the enhanced new USB 3.1 Gen 2 and Thunderbolt 3 protocols for blazing fast wired connectivity and high resolution displays. Flex your power Like the Retina MacBook, the new MacBook Pro models no longer use MagSafe, Apple's quick release magnetic plug for delivering power. Power is now delivered via USB-C, which fits snuggly enough to pull your laptop off the edge of a table if something inadvertently tugs the cable hard enough. While many are weeping over the death of their beloved MagSafe, I've … [Read more...] about Everything you need to know about USB-C & Thunderbolt 3 on Apple’s new MacBook Pro
Just as it ends, ‘Defending Jacob’ looks like the most popular Apple TV+ show
Feature AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple doesn't release ratings data, but third party data says the limited series "Defending Jacob" is the closest thing the service has to a breakout hit. Defending Jacob , the Apple TV+ limited series starring Chris Evans as a lawyer whose teenaged son is accused of murdering a classmate, wraps up its run with its finale episode May 29. The series, which combines elements of family drama, psychological thriller and courtroom procedural, was based on a novel of the same name by William Landay. Since Apple TV+ launched in November 2019, it hasn't had seen any of its shows emerge as a massive, culture-grabbing smash. But in recent months, there have been various indications that Defending Jacob has been something close to a breakout for Apple. … [Read more...] about Just as it ends, ‘Defending Jacob’ looks like the most popular Apple TV+ show
‘AirPods 3’ design similar to AirPods Pro & coming in early 2021 says Ming-Chi Kuo
AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Ming-Chi Kuo believes that a new " AirPods 3 " will arrive in the first half of 2021, kickstarting fresh demand for Apple's wireless earbuds. A note to investors by Ming-Chi Kuo, seen by AppleInsider discusses the state of the AirPods. While the note mostly covers sales volumes and predictions, the analyst does discuss what he believes the "AirPods 3" will be like, and about when they will arrive. Kuo believes that the "AirPods 3" have a "new form factor design" and will be similar to the AirPods Pro . The transition to sole production of the "AirPods 3" is said to happen in the first half of 2021, meaning a release before the 2021 WWDC in all likelihood. Regarding those sales volumes, Kuo is not changing his shipment prediction of 93.8 million units for … [Read more...] about ‘AirPods 3’ design similar to AirPods Pro & coming in early 2021 says Ming-Chi Kuo
Morgan Stanley raises AAPL target to $152, expects blockbuster December quarter
AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Morgan Stanley has raised its Apple price target to $152 on expectations of a strong December quarter across its product and services portfolio. In a note to investors seen by AppleInsider , analyst Katy Huberty says that recent checks indicated that 5G adoption, the switch to remote education and work, and sustained App Store engagement all drove Apple to a potential blockbuster of a December quarter. "Our recent conversations suggest investors expect Apple to release solid, but not great, December quarter results," Huberty writes. "We disagree and believe that Apple is likely to report all-time record quarterly revenue and earnings." The analyst expects Apple to report double digit year-over-year growth across all five of its revenue segments, with some … [Read more...] about Morgan Stanley raises AAPL target to $152, expects blockbuster December quarter