Apple stock can't 'solely rely' on iPhone sales: Analyst

) reported fiscal fourth-quarter results that topped Street expectations. The tech giant reported earnings per share of $1.46 compared to estimates of $1.39 and revenue of $89.50 billion versus estimates of $89.35 billion. The results got a boost fromTom Forte, D.A. Davidson Managing Director and Senior Research Analyst, discusses Apple's earnings results ahead of its earnings calls and the challenges the iPhone maker is seeing in device sales and China.

"The 2% decline in China is a concern and China is about 20% of revenue for Apple," Forte tells Yahoo Finance."But, again, investors should breathe a sigh of relief to the extent that sales and earnings were better than expected and there's enough in there to give some people hope." -- Japan’s state pension fund, the world’s largest, posted a loss of ¥683.

The stock market is approaching a 'once-in-a-generation' buying opportunity as profits are about to take off almost everywhere, investment firm says -- Costco Wholesale Corp.’s Richard Galanti, who has served as Chief Financial Officer of the warehouse club retailer since 1985, says he views the more than decade-long period of low interest rates in the US as an anomaly.

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Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.Stocks like Shopify and goeasy are poised to deliver massive growth and outshine the broader markets. The post 5 Top TSX Stocks You Can Confidently Invest $500 in Right Now appeared first on The Motley Fool Canada.

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