Stock in Focus: Apple

Technology giant Apple has revealed strong sales results - with iPhone and iMac revenue up 20%. Morningstar equity analysts think the future looks bright for this company

Brian Colello, CPA 23 October, 2014 | 10:57AM

 
 

Brian Colello: Apple (AAPL) reported fourth-quarter earnings today, and the results were quite strong. IPhone revenue was up 21%; Mac revenue was up 18%. It was really a great quarter on the product front. It's actually very impressive. They also bought back $17 billion of stock. So, from the fourth-quarter perspective, results were really strong.

The more important news for investors was the Q1 forecast, and that came in relatively in line with expectations. Revenue was guided higher than what the Street was expecting. It points to a really strong iPhone launch. That should continue into the December quarter. Mac sales still appear to be very strong, especially the growth in emerging markets. So, on the top line, Apple still appears to be doing really well.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Apple Inc142.48 USD-0.31

About Author

Brian Colello, CPA  is a senior stock analyst with Morningstar.

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