Here's What Wall Street Is Saying About Apple's Earnings Report
- Positive signs for pricier iPhone demand as unit sales falter
- Focus shifting from product-led growth to capital returns
Gene Munster Would Love for Apple to Make a Big Acquisition
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Apple Inc. is selling fewer iPhones, and that’s alright.
Analysts are instead focusing on signals pointing towards better-than-feared demand for its more expensive devices, such as its flagship iPhone X. Cash repatriation plans combined with management comments indicating higher buybacks and dividends offset declining unit sales in the quarter. Initial optimism after Thursday’s earnings was tempered by two analyst downgrades due to the soft iPhone sales, with shares hovering around the previous close in pre-market trading.