On November 3, Bernstein reaffirmed Apple's “outperforming the market” rating and maintained a target price of 370 US dollars. According to the agency, Apple's fourth fiscal quarter performance was strong, with revenue up 12% year over year to US$114.5 billion, higher than Bernstein and market expectations of 1.6% and 0.9% respectively; diluted earnings per share were 2.10 US dollars, exceeding Bernstein's and market expectations by 6% and 5%, respectively. Among them, iPhone business revenue increased 17% year over year, exceeding the previous forecast of about 15%; service business revenue increased 10%. Excluding the adverse effects of exchange rates, the growth rate was about 12.5%.
Zhitongcaijing · 2d ago
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On November 3, Bernstein reaffirmed Apple's “outperforming the market” rating and maintained a target price of 370 US dollars. According to the agency, Apple's fourth fiscal quarter performance was strong, with revenue up 12% year over year to US$114.5 billion, higher than Bernstein and market expectations of 1.6% and 0.9% respectively; diluted earnings per share were 2.10 US dollars, exceeding Bernstein's and market expectations by 6% and 5%, respectively. Among them, iPhone business revenue increased 17% year over year, exceeding the previous forecast of about 15%; service business revenue increased 10%. Excluding the adverse effects of exchange rates, the growth rate was about 12.5%.
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