Apple Inc
AAPL: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$512.00 | Ttb | Brqyfwxzfk |
Apple Earnings: Steady Business Conditions as Next Wave of iPhones Is on Deck; Maintain Valuation
Wide-moat Apple reported solid results for its fiscal third quarter and provided investors with a flattish outlook for the fourth quarter. We continue to take Apple’s results in both the June and September quarters with a grain of salt as they are composed of the older iPhone series; we would instead keep our eyes on the next wave of Apple devices and whether the company can entice a larger portion of its customer base to buy the latest and greatest iPhone.