IPad sales help Apple earnings hit record high

The Southern Company (SO) advanced 2.9% or $1.41 to $49.94 after the electricity generator stated revenues in the second-quarter ending in June soared 20% from a year ago to $5.4 billion. Analysts expected Apple to earn $1.57 a share on sales of $44.89 billion in the fiscal third quarter. The firm’s revenue was up 7.2% compared to the same quarter a year ago. IPhone ASP trends are hardly improving despite what the company referred to as strong iPhone 7 Plus mix. You’ll need an iPhone, iPad, or iPod touch with Safari on iOS 7.0 or later, a Mac with Safari 6.0.5 or later on OS X v10.8.5 or later, or a PC with Microsoft Edge on Windows 10.

Everything believed about the phone so far is just a rumor, but analysts have a pretty good idea of what is coming.

Some of the rumored features include no physical home button, a bezel-less screen design and a facial recognition system.

He also said that Apple fought the United States government previous year over unlocking an iPhone belonging to a dead terrorist because the legal circumstances were different.

After Apple Q3 2017 earnings were released, the company’s stock surged in after-hours trades, rising by as much as 4.67% to $157.06.

Developers are already making use of the technology to allow users to place digital furniture in their homes and to create virtual tape measures, for example. One particular piece of information from Apple’s quarterly results do seem to bear an inclination towards Apple’s side, since the company’s margin guidance has shown to be lighter than its revenue guidance, which suggests that the company is about to reveal something expensive during the month of September. Barclays PLC set a $123.00 price objective on Apple and gave the stock a “neutral” rating in a research note on Wednesday, May 3rd. There are reports Apple could launch three iPhone models, one of which is expected to have a four-digit price tag. That would come as a relief to Wall Street given recent reports of a possible delay in the launch.

Not everyone is so bullish on the stock, however.

The company credited its efforts to sell more to schools.

The launch of the latest iPhone could potentially move to October or November, instead of September, due to production issues, according to media reports and analysts. The company now has a consensus rating of “Buy” and a consensus price target of $163.70. “We do view that we have a responsibility in the U.S.to increase economic activity… including increasing jobs, because Apple could only have been created here”.