Nasdaq AAPL Apple

A Moscow court fined Apple 400,000 roubles ($4,274) on Thursday for not deleting "inaccurate" content about what Russia calls a "special military operation" in Ukraine, the TASS news agency reported.

(RTTNews) - Apple Inc. (AAPL) will host a conference call at 5:00 PM ET on August 3, 2023, to discuss Q3 23 earnings results.

Share markets stumbled on Thursday as U.S. bonds yields hit nine-month peaks, helping the dollar to shrug off a U.S. credit downgrade to hit a four-week high against its major peers.

Tech behemoth Apple ( NASDAQ:AAPL ) is scheduled to announce its fiscal third-quarter results after the market close on Thursday, August 3. The iPhone maker is facing a slowdown in the smartphone market and any unfavorable commentary about the outlook for the fiscal fourth quarter could weigh on the stock. Fiscal Q3 Expectations from Apple Apple delivered better-than-anticipated fiscal second-quarter (March quarter) results, even as overall revenue declined 2.5% year-over-year to $94.8 billion. The company’s earnings per share (EPS) remained flat at $1.52. It’s worth noting that iPhone revenue increased 1.5% in Q2 FY23, despite a decline in sales of the broader smartphone industry.        However, the company witnessed weaker Mac and iPad revenues in the fiscal second quarter, partially due to parts shortage. These two product categories faced difficult comparisons, as the year-ago period was still gaining from a pandemic-induced spike in demand. Coming to Q3 FY23, analysts estimate revenue to decline about 1.5% year-over-year to $81.73 billion, while EPS is projected to fall 0.8% to $1.19. Analysts expect iPhone sales to fall in the June quarter. On Tuesday, Baird analyst William Power increased the price target for Apple to $204 from $180 and reiterated a Buy rating on the stock. Power anticipates “solid” Q3 FY23 results, though he pointed out that valuation is at nearly all-time highs. The analyst believes that the focus will be on the next iPhone cycle, noting that historically Apple “outperforms mildly” from August to mid-September. Heading into Q3 FY23 results, TD Cowen analyst Krish Sankar raised the price target for Apple to $220 from $195 on Tuesday, while reiterating a Hold rating. Sankar projects June quarter revenue to decline 2% year-over-year and the company to issue a 1% revenue growth outlook for the September quarter. The analyst highlighted that the fieldwork by his firm indicates that near-term iPhone builds remain stable, with next-gen iPhone units to be nearly flat in the second half of the calendar year 2023. He expects China and India market share gains to be favorable, while Mac and Wearables segments to experience “muted seasonality.” Meanwhile, TipRanks’ Website Traffic Tool indicates a downward trend, with visits to apple.com and other company websites plunging 76.42% year-over-year in Q3 FY23. Website visits were down 1.73% sequentially in the fiscal third quarter.   Technical Analysis Ahead of AAPL’s Q3 Earnings Heading into Fiscal Q3 results, technical indicators reveal that AAPL is a Buy. According to TipRanks’s easy-to-understand technical tool, AAPL’s 50-Day EMA (exponential moving average) is 185.43, while its stock price is $196.45, making it a Buy. Also, AAPL’s shorter duration EMA (20-day) signals that it is a Buy. Is Apple a Good Stock to Buy Right Now? Wall Street has a Strong Buy consensus rating on Apple based on 24 Buys and seven Holds. The average price target of $200.61 implies 2.1% upside potential. Shares have risen 51% so far in 2023. Insights from Options Trading Activity TipRanks now presents options activity to help investors plan their trades ahead of earnings releases. Options traders are pricing in a 3.44% move on Apple earnings. AAPL shares have averaged a 2.3% move in the last eight quarters. In particular, the stock rose about 5% following the Q2 FY23 results. The anticipated move is determined by computing the at-the-money straddle of the options closest to the expiration after the earnings announcement. Learn more about TipRanks’ Options tool here. Disclosure

India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing.

Asian shares stumbled on Thursday as U.S. bonds yields hit nine-month peaks and pushed the dollar higher, while investors waited anxiously to see if results from Apple and Amazon justified the tech sector's sky-high valuations.

The Wednesday "hump" may have passed, but the week is far from over as we head into this data-heavy day, with a Bank of England rate decision and Apple earnings topping the schedule. The BOE is leaning toward a 25 basis point hike after the inflation gods took some pity on the UK last month.

China's disaster-response systems are being put to the test as floodwaters from record rainfall could take weeks to recede with thousands of people still unable to return to their homes, state media reported on Thursday.

Asian shares were subdued on Thursday after Fitch downgraded U.S. sovereign debt sparking profit-taking, with investors now shifting focus to Bank of England's rate decision and earnings from Apple and Amazon.

Fintel reports that on August 2, 2023, JP Morgan maintained coverage of Apple (NASDAQ:AAPL) with a Overweight recommendation. Analyst Price Forecast Suggests 1.14% Upside

Tenstorrent, a Canadian startup headed by chip industry veteran Jim Keller that is developing artificial intelligence chips, said on Wednesday it has raised $100 million from Hyundai Motor Group and a Samsung investment fund, among others.

Markets had a hard time today reconciling the first U.S. credit rating downgrade in 12 years, when Fitch Ratings — one of the “big three” credit rating agencies — lowered its rating from the usual AAA to AA+. The reason for the mo

Wall Street finished lower on Wednesday, with the S&P 500 and Nasdaq Composite down for a second straight day as investors took profits on five months of gains a day after rating agency Fitch cut the U.S. government's credit rating.

PayPal Holdings missed its estimate for second-quarter operating margin on Wednesday, casting a pall over resilient consumer spending trends, sending the payments firm's shares down nearly 8% in extended trading.

Wall Street finished lower on Wednesday, with the S&P 500 and Nasdaq Composite down for a second straight day as investors took profits on five months of gains a day after rating agency Fitch cut the U.S. government's credit rating.

The NASDAQ 100 After Hours Indicator is down -14.83 to 15,355.91. The total After hours volume is currently 77,753,866 shares traded.The following are the most active stocks for the after hours session: iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is unchanged at

Qualcomm forecast fourth-quarter revenue below market expectations on Wednesday as consumer spending on gadgets like smartphones remained stubbornly weak amid slowing global economic growth.

Wall Street closed down on Wednesday, with the S&P 500 and Nasdaq Composite lower for a second straight day, with investors taking profits on five months of gains a day after rating agency Fitch cut the U.S. government's credit rating.

Apple’s high-yield savings account offered by its partner Goldman Sachs has reached over $10 billion in customer deposits, the technology giant said on Wednesday.

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Pinterest Inc (Symbol: PINS), where a total of 132,922 contracts have traded so far, representing approximately 13.3 million underlying shares. That amounts to about 12