Apple (AAPL) posted its strongest revenue growth in three years, with GAAP EPS that was also substantially above consensus expectations, Argus tells investors in a research note. iPhone, Mac, and iPad sales all topped consensus expectations, while Service revenue set another new all-time record in Q4, the firm says. Apple’s perpetually refreshed roster of highly desirable products provides a unique advantage over industry rivals, Argus argues. The firm has a Buy rating on the shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Apple’s Strong Financial Performance and Strategic Positioning Justify Buy Rating
- Don’t Expect Apple Stock (AAPL) to Pop Until AI and Tariff Uncertainty Ease, Say Analysts
- Morning Movers: Amazon and Apple moving in opposite directions after earnings
- Video: Apple gains, Amazon dips after earnings reports
- Notable open interest changes for August 1st