Apple Reports Solid 2Q Results as All Eyes Remain on the Next iPhone; Maintain $138 FVE
Apple reported solid fiscal second-quarter results and provided investors with a third-quarter forecast that was relatively in line with our expectations and points to decent ongoing demand for Apple's products, even though the firm is already seeing customers pause on iPhone spending in anticipation of the company's tenth anniversary iPhone due later this year. Meanwhile, services revenue grew nicely, which we think still bodes well for customer stickiness around the iOS ecosystem, which is the...
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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