Apple's Non-iPhone Businesses Shine in 4Q While iPhone X Stays Hot; Raising FVE to $163
Apple reported strong fiscal fourth-quarter results with impressive revenue growth in non-iPhone businesses, such as Mac, Services and Other Products (including Watch and Airpods). Meanwhile, the firm's first-quarter forecast implies healthy demand for both the iPhone X and iPhone 8 series. Despite a minority market share position in the smartphone industry versus Android, Apple continues to retain pricing power as early signs around the iPhone X indicate to us that the firm will successfully be...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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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