Analysts say Apple's revenue grew 16% and announced an additional $100 billion in buybacks, adjusting its product launch strategy to diversify catalysts.
Yahoo Finance analysts noted that Apple announced its ninth consecutive EPS beat, with revenue up 16% year-over-year. Additionally, Apple announced a new $100 billion stock repurchase program and raised its dividend by 4% to $0.27 per share. The analyst believes that Apple is breaking away from its traditional September "all-in-one" hardware launch model, shifting to a year-round dispersed product release strategy. This will create more upgrade windows and media attention, benefiting long-term holders. Apple's services gross margin reached 75.6%, with services revenue at $30.7 billion, up 12% year-over-year. The active installed base of devices exceeds 2.5 billion, and paid subscribers are over 1.5 billion, all supporting the long-term bullish case for the company.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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