Apple Inc. (NASDAQ:AAPL) is one of the best stocks to invest in, according to billionaire D.E. Shaw. On October 31, UBS lifted its price target on Apple Inc. (NASDAQ:AAPL) from $220 to $280 while keeping a Neutral rating after the company’s quarterly earnings.
Apple reported $49 billion in iPhone revenue, up 6% year-over-year but slightly below UBS’s forecast. Supply issues may have delayed some sales to the December quarter. Over the past year, Apple’s total revenue reached $408.62 billion, growing nearly 6%.
Looking ahead, Apple expects double-digit iPhone growth and a 10%–12% increase in overall revenue for the December quarter. Services are projected to grow 14%. Gross margin guidance rose to 47%–48%, helped by reduced China tariffs, though operating expenses are expected to climb 18.5%, which could weigh on profitability.
Apple Inc. is a multinational technology company that designs, develops, and sells consumer electronics, computer software, and online services. Its products include the iPhone, iPad, Mac computers, and Apple Watch, supported by software such as iOS and macOS, and a growing portfolio of services including Apple Music, Apple TV+, and iCloud.
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This article is originally published at Insider Monkey.
