On Monday, January 3, 2022, Apple became the first company in world history to hit the $3 trillion market valuation milestone, but it quickly fell back from that mark. Now, after a solid run in 2023, AAPL is again approaching the $3 trillion mark. Angela Palumbo for Barron’s: Apple is on track to become the first company with a $3 trillion valuation, but the journey there won’t be easy. MacDailyNews Take: As stated above, Apple already became the first company with a $3 trillion valuation on January 3, 2022. Apple stock has surged 42% this year and the company has a market capitalization of $2.89 trillion. The shares would have to close above $190.73 each to hit the record $3…

Tom Forte, DA Davidson managing director and senior research analyst, joins CNBC’s “Squawk on the Street” to discuss the most important reason for Forte’s Apple upgrade, iPhone strength in reopening China, if iPhone will continue taking share from Android, and much more. Apple last week announced financial results for its fiscal 2023 second quarter ended April 1, 2023. The Company posted quarterly revenue of $94.8 billion, down 3 percent year over year, and quarterly earnings per diluted share of $1.52, unchanged year over year. “We are pleased to report an all-time record in Services and a March quarter record for iPhone despite the challenging macroeconomic environment, and to have our installed base of active devices reach an all-time high,” said…

Apple selling debt in the U.S. blue-chip bond market Monday ahead of key U.S. inflation readings due to be released later this week. Olivia Raimonde and Dayana Mustak for Bloomberg News: The $5 billion deal is expected to come in as many as five parts, according to a person familiar with the matter. The longest portion, a 30-year bond, could yield 135 basis points over comparable Treasuries, the person said. The sale will be the first for Apple since it sold $5.5 billion to fund buybacks and dividends in August. As many as 15 borrowers could emerge to sell debt Monday, looking to lock in funding before the release of consumer price index and producer price index data slated to…

Apple stock rose in pre-market trading on Friday after the world’s most valuable company beat Wall Street’s targets for its fiscal second quarter on strong sales in iPhones and services. Patrick Seitz for Barron’s: The Cupertino, Calif.-based company late Thursday said it earned $1.52 a share on sales of $94.8 billion for the quarter ended April 1. Analysts polled by FactSet had predicted Apple earnings of $1.43 a share on sales of $92.9 billion. “We are pleased to report an all-time record in services and a March-quarter record for iPhone despite the challenging macroeconomic environment,” Chief Executive Tim Cook said in a news release. Also, Apple increased its quarterly dividend by 4% to 24 cents a share. Plus, Apple’s board…

Apple today announced financial results for its second fiscal quarter of 2023, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $94.8 billion and net quarterly profit of $24.1 billion, or $1.52 per diluted share, compared to revenue of $97.3 billion and net quarterly profit of $25.0 billion, or $1.52 per diluted share, in the year-ago quarter. Apple set a new all-time record for Services revenue at $20.9 billion and a new March quarter record for iPhone revenue at $51.3 billion, but the Mac in particular saw a significant year-over-year decline in quarterly revenue, falling from $10.4 billion to $7.2 billion. Gross margin for the quarter was 44.3 percent, compared to 43.7…

Apple today announced financial results for its fiscal 2023 second quarter ended April 1, 2023. The company posted quarterly revenue of $94.8 billion, down 3 percent year over year, and quarterly earnings per diluted share of $1.52, unchanged year over year. “We are pleased to report an all-time record in Services and a March quarter record for iPhone despite the challenging macroeconomic environment, and to have our installed base of active devices reach an all-time high,” said Tim Cook, Apple’s CEO, in a statement. “We continue to invest for the long term and lead with our values, including making major progress toward building carbon neutral products and supply chains by 2030.” “Our year-over-year business performance improved compared to the December…