"We continue to have a cautious view on Apple's Services growth sustainability over the coming quarters," analysts at Wells Fargo said.
's stock is surging after reporting first-quarter earnings, but Wall Street analysts were more breathing a sigh of relief than cheering the results.dropped 17% in the quarter, but upbeat commentary from CEO Tim Cook on China and wearables, along with a big stock buyback, stopped analysts from getting more negative on the stock, and in a few cases, even caused them to raise their price targets.
On China Cook noted, "We certainly feel a lot better than we did 90 days ago...We like the direction we're headed with iPhone and our goal now is to pick-up the pace." "While we acknowledge that a 22% decline in China revenue is far from a resurgence, Tim Cook did highlight that iPhone declines in the last few weeks of March were significantly smaller than they were to start the quarter," analyst Timothy O'Shea said.
Source: News Formal (newsformal.com)
Earnings were shit, everyone knows it. Just won’t say it.
Of course, because Wall Street wants to control and manipulate all stocks.
AppleSupport Apple They've stopped caring for customers.. Many like me are facing pathetic attitude of AppleSupport towards their customers. case ID: 100800933452 & Case ID: 20000042499650
It’s all a game of Smoke & Mirrors.
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