Apple looks to extend Big Tech’s winning streak appeared first on MacDailyNews. Apple looks to extend Big Tech’s winning streak appeared first on MacDailyNews. Apple looks to extend Big Tech’s winning streak appeared first on MacDailyNews. Apple looks to extend Big Tech’s winning streak appeared first on MacDailyNews.
Apple, set to close out Big Tech earnings Thursday after the market closes, looks to extend Big Tech’s largely positive winning streak. Connor Smith for MarketWatch: Shares of Apple have

Apple, set to close out Big Tech earnings Thursday after the market closes, looks to extend Big Tech’s largely positive winning streak.

Apple logo

Connor Smith for MarketWatch:

Shares of Apple have soared nearly 31% in 2023, though the stock is up just 2.4% over the past 12 months. The S&P 500 is up 7.7% this year and down 3.9% in the past 12 months.

So far, Big Tech earnings have been fairly positive. Reports from Microsoft, Alphabet, and Meta Platforms were mostly well received by Wall Street. Amazon.com ‘s results topped estimates but a weak outlook around the cloud sent shares falling. Apple investors are hoping the firm follows in Microsoft’s footsteps, and not Amazon’s.

“With Big Tech showing impressive resiliency during earnings season the last few weeks now the baton is handed to Cook as investors all look towards Apple’s Thursday night print/guidance with the tech finale on 1Q,” Wedbush analyst Dan Ives wrote on Monday.

For Apple’s fiscal second quarter, the consensus among analysts polled by FactSet calls for earnings of $1.43 a share. Analysts expect sales fell 4.5% to $92.91 billion.

Ives rates Apple at Outperform with a $205 price target.

MacDailyNews Note: As always, we’ll have Apple’s results on May 4th right around 1:30 p.m. PT / 4:30 p.m. ET. followed by live notes from Apple’s conference call beginning at 2:00 p.m. PT / 5:00 p.m. ET.

Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!

Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.

The post Apple looks to extend Big Tech’s winning streak appeared first on MacDailyNews.

original link


You may also be interested in this

HBO Max is now simply ‘Ma…

On Tuesday HBO Max became “Max,” Warner Bros. Discovery’s enhanced streaming platform, delivering content for everyone in the household, including unscripted to scripted programming, family-friendly content, HBO, Max Originals, WB

How to get Photoshop for …

Macworld Apple’s free Mac apps: Photos and Preview can get the basics of editing an image or photograph, but if you want to do anything more advanced you’ll need a

Hermès launches luxury le…

French luxury designer Hermès officially partnered with Apple in 2015 to launch a special edition Apple Watch with bands designed by the brand. The partnership between the two companies still

Deals: M2 Mac mini starts…

Tuesday is ushering in a fresh batch of discounts, and 9to5Toys has done the work to get the best of the best all rounded up below. On tap today, we

Apple’s 15-inch Mac…

The M2 MacBook Air hasn't been out for a full year, but rumors about a new MacBook Air with a 15-inch display are swirling. Here's everything rumored and what it

AirTags used to uncover f…

AirTags and Find My have revealed how items donated by Mexicans for earthquake relief in Turkey were instead resold in Mexico City markets.An AirTag on a keyringIn February, Apple's AirTags

How would you fix this Ma…

An M1 MacBook Air setup user asked how to make his rig better and got plenty of advice. But he didn't agree with some of it. (via Cult of Mac

GRID offering 15% discoun…

GRID is a company that takes recycled devices such as an Apple Watch, iPhone, iPad, and even MacBook and deconstructs them part by part into beautiful nostalgic art pieces. The sleek
X

A whimsical homage to the days in black and white, celebrating the magic of Mac OS. Dress up your blog with retro, chunky-grade pixellated graphics to evoke some serious computer nostalgia. Supports a custom menu, custom header image, custom background, two footer widget areas, and a full-width page template. I updated Stuart Brown's 2011 masterpiece to meet the needs of the times, made it responsive , got dark mode, custom search widget and more.You can download it from tigaman.com, where you can also find more useful code snippets and plugins to get even more out of wordpress.