Apple (AAPL, $170.33) crushes Q4 expectations
Apple posted its earnings for the three months ending December 25, crushing analysts’ expectations.
The iPhone maker’s earnings for the quarter climbed +25% from the year-ago quarter to $2.10 a share, well ahead of the $1.89 expected by analysts polled by Refinitiv.
Revenue rose +11% year-over-year to $123.9 billion vs. $118.66 billion estimated.
iPhone revenue came in at $71.63 billion, beating analysts’ estimate of $68.34 billion. It was up +9% year-over-year. Services revenue grew +24% from the year-ago quarter to $19.52 billion vs. $18.61 billion estimated. Other Products revenue was $14.70 billion vs. $14.59 billion estimated. It was up +13% year-over-year. Mac revenue of $10.85 billion also beat estimate of $9.52 billion, and was up +25% year-over-year. iPad revenue of $7.25 billion vs. $8.18 billion estimated, down -14% year-over-year
The company’s gross margin for the quarter was 43.8% vs. 41.7% estimate.
In an interview with CNBC’s Julia Boorstin, Apple CEO Tim indicated outlook on March quarter. “What we expect for the March quarter is solid year-over-year revenue growth,” Cook said. “And we expect supply constraints in the March quarter to be less than they were in the December quarter.”
AAPL in upward trend: price rose above 50-day moving average on November 18, 2024
AAPL moved above its 50-day moving average on November 18, 2024 date and that indicates a change from a downward trend to an upward trend. In of 36 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 14, 2024. You may want to consider a long position or call options on AAPL as a result. In of 70 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AAPL just turned positive on November 19, 2024. Looking at past instances where AAPL's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for AAPL crossed bullishly above the 50-day moving average on November 25, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AAPL advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 353 cases where AAPL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
AAPL broke above its upper Bollinger Band on December 03, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AAPL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (35.461) is normal, around the industry mean (85.677). P/E Ratio (26.429) is within average values for comparable stocks, (47.267). Projected Growth (PEG Ratio) (2.092) is also within normal values, averaging (1.869). AAPL has a moderately low Dividend Yield (0.006) as compared to the industry average of (0.025). P/S Ratio (6.925) is also within normal values, averaging (74.200).
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General Information
a manufacturer of mobile communication, media devices, personal computers, and portable digital music players
Industry ElectronicsAppliances