Revenue Update on Apple(NASDAQ:AAPL)

Apple(NASDAQ:AAPL) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $42.36B. Analysts estimated a revenue of $42.02B. Earnings per share were $1.42. Analysts had estimated an EPS of $1.39.

In a different note, On Jul 15, 2016, Barclays said it Maintains its rating on Apple. In the research note, the firm Lowers the price-target to $121.00 per share. The shares have been rated ‘Overweight’ by the firm. Longbow Research said it Initiates Coverage on Apple, according to a research note issued on Jul 6, 2016. The shares have been rated ‘Buy’ by the firm. On Jun 2, 2016, Goldman Sachs said it Maintains its rating on Apple. In the research note, the firm Lowers the price-target to $136.00 per share. The shares have been rated ‘Buy’ by the firm. On May 11, 2016, UBS said it Maintains its rating on Apple. In the research note, the firm Lowers the price-target to $120.00 per share. The shares have been rated ‘Buy’ by the firm.

Apple (AAPL) shares turned negative on Fridays trading session with the shares closing down -0.13 points or -0.12% at a volume of 2,77,33,688. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $104.55. The peak price level was also seen at $104.55 while the days lowest was $103.68. Finally the shares closed at $104.21. The 52-week high of the shares is $123.82 while the 52-week low is $89.47. According to the latest information available, the market cap of the company is $561,530 M.

Several Insider Transactions has been reported to the SEC. On Jul 20, 2016, Angela J Ahrendts (Senior Vice President) sold 35,797 shares at $100.00 per share price.Also, On Jun 1, 2016, Daniel J. Riccio (Senior Vice President) sold 40,755 shares at $100.00 per share price.On Jun 1, 2016, Eduardo H Cue (Senior Vice President) sold 50,000 shares at $99.44 per share price, according to the Form-4 filing with the securities and exchange commission.

Apple Inc. (Apple) designs manufactures and markets mobile communication and media devices personal computers and portable digital music players and a variety of related software services peripherals networking solutions and third-party digital content and applications. The Company’s products and services include iPhone iPad Mac iPod Apple TV a portfolio of consumer and professional software applications the iOS and OS X operating systems iCloud and a variety of accessory service and support offerings. The Company also delivers digital content and applications through the iTunes Store App StoreSM iBookstoreSM and Mac App Store. The Company distributes its products worldwide through its retail stores online stores and direct sales force as well as through third-party cellular network carriers wholesalers retailers and value-added resellers. In February 2012 the Company acquired app-search engine Chomp.

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