All-Star Analyst Sees Apple's Stock As A Smart Buy [Forbes]
Apple Inc. (AAPL)
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Source: Forbes
All-Star Analyst Sees Apple's Stock As A Smart Buy (Photo by AP/Paul Sakuma) Jim Kelleher is the director of research at Argus Research Show.com Apple Apple manufactures Smartphones, tablets, PCs, software and peripherals for a worldwide customer base. Its products include Macintosh desktop and mobile PCs, iPhone, iPad, Apple Watch, and various consumer products, including AirPods, Beats headphones and Apple TV. Apple also owns and operates iTunes, the world’s largest vendor of recorded music. Apple reported fiscal 2Q19 results that topped the consensus outlook and raised guidance for fiscal 3Q19. Services revenue hit an all-time high of $11.5 billion in the quarter; Wearables & Home also surged and was the only unit to grow sequentially from seasonally peak fiscal 1Q19. Strength in this business, which represents recurring revenue with higher-than-average margins, takes the burden off iPhone sales, which declined sharply in units (while outperforming expectations). With the coming ge
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