Fewer smartphone sales, more profits for Apple

Mindy Sparks
February 3, 2018

This issue has been reported by users since previous year, though. (AAPL) opened at $167.78 on Friday.

According to research firm Counterpoint, the premium smartphone segment in India witnessed an over 20 per cent growth in 2017 over the previous year with Apple maintaining its leadership position with a share of 38 per cent. The disclosure for this sale can be found here. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker's stock valued at $782,000 after acquiring an additional 17 shares during the period. Company insiders own 0.08% of the company's stock. Acropolis Investment Management LLC now owns 19,062 shares of the iPhone maker's stock valued at $2,745,000 after buying an additional 200 shares during the last quarter. Hills Bank & Trust Co. now owns 42,076 shares of the iPhone maker's stock valued at $6,060,000 after buying an additional 808 shares during the last quarter. Janus Henderson Group PLC increased its position in Apple by 301.3% during the second quarter. Finally, Stifel Financial Corp increased its position in Apple by 9,166.4% during the third quarter.

Apple sold fewer iPhones in the holiday quarter than it did a year earlier, a fact that in the past would have spooked investors and anxious the company's fans. Institutional investors and hedge funds own 60.26% of the company's stock. Investors of record on Monday, February 12th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.50%. Apple's dividend payout ratio is presently 25.93%. Barclays set a $162.00 price objective on Apple and gave the company a neutral rating in a research report on Wednesday, January 3rd. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker's stock worth $131,000 after buying an additional 78 shares during the last quarter. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the stock. At least three brokerages raised their target price on the company's stock largely banking on the possibility of cash returns, while three cut price targets.

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Apple's biggest revenue-driver this quarter was, unsurprisingly, the iPhone, followed by services, which includes AppleCare, Apple Music and other services.

Shares of Apple Inc.

Apple CEO Tim Cook said the demand for the new expensive iPhone X, which was released last November with a price starting at about $ 1,000, has outpaced expectations.

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