Wall Street analysts go all-out bullish on record Apple earnings

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Bullish Apple analysts aren’t panicking about coronavirus…yet
With strong iPhone sales and improvements in China consumer sales, Wall Street analyst can't say enough good things about Apple.
Photo: Brad Gibson/Cult of Mac

Apple’s first-quarter results have triggered confidence among analysts that the future of the company is stronger than ever on the back of the iPhone.

Wall Street analysts began reporting Wednesday their thoughts on the tech giant – everything from strong sales growth in China, to rumors of a new low-cost iPhone to a 5G-ready mobile later this year.

Apple will dominate 5G sales in 2020

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2020 could be Apple's greatest year so far
5G iPhones will outsell all rivals in 2020.
Photo: Ed Hardy/Cult of Mac

Apple will beat out Samsung and Huawei in 5G handsets next year, according to a forecast by industry analysts. This despite accusations by some critics that not putting 5G in the iPhone 11 would put Apple far behind its rivals.

Apple and Amazon could hook up for health care

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Apple health care
Apple Watch ECG is one of the ways this company is getting into health monitoring.
Photo: Lewis Wallace/Cult of Mac

Apple has made it clear it sees health monitoring as an important part of its business. And now analysts from Morgan Stanley are urging the company combine its efforts with Haven, a partnership of Amazon and others hoping to improve health care while also making it more affordable.

But it’s not clear how Apple would benefit from any such collaboration.

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Apple pays $467k for doing business with blacklisted app developer
Fewer iOS apps were downloaded from the App Store last quarter. But the money is still pouring in.
Photo: Apple

Why this is the perfect time to buy Apple stock

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iMac Pro
When a company has good long-term prospects, the time to buy shares is when others are getting out.
Photo: Apple/Ste Smith/Cult of Mac

It hasn’t been a great month to own shares of Apple. But if you’ve been considering getting in, one analyst says now is the time to buy.

Shares of the iPhone-maker have dropped 17 percent in less than two weeks. But this an overreaction to bad news from parts suppliers.

Optimistic analyst gets gloomy about iPhone XR

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iPhone XR performance is stellar, far better than many Android devices that cost more.
Some of the early optimism about iPhone XR sales might have been unjustified.
Photo: Apple

Respected Apple analyst Ming-Chi Kuo just slashed his estimates for the number of iPhone XR units that will sell over the next year. That’s a real turnaround, as Kuo had previously been bullish on Apple’s latest handset.

And he’s not the only analyst expressing concerns about sales of the iPhone XR. But it’s also possible this model is just following a pattern first laid down by the iPhone X.

Why everyone was so wrong about iPhone X sales

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iPhone X standing
Everything you heard about iPhone X sales was wrong. In fact, it's Apple's most popular model.
Photo: Ste Smith/Cult of Mac

Analysts have been extremely pessimistic about the iPhone X, with almost daily predictions that Apple’s top-of-the-line model was a flop. And they were all dead wrong. Tim Cook just said the iPhone X has been Apple’s best-selling model for every week since it launched, and that sales of all the company’s phones grew last quarter.

How did the analysts get it so wrong? Here’s what probably happened.

2018 iPhone X models could be cheaper (and bigger)

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Ex-student sentenced to 3 years in prison for massive iPhone scam
The new 2018 iPhone is expected to cost less than the iPhone X.
Photo: Ste Smith/Cult of Mac

An updated iPhone X could be a better deal than the current version, coming it at $100 less. Or buyers might be able to get a larger version for the same money as the original.

That’s the latest speculation about 2018 iPhone pricing, as Apple’s smartphone lineup gets increasingly complicated.

MacBook sales might blow up in 2018

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MacBook sales rising
An analyst predicts increasing demand for the MacBook Pro with Touch Bar.
Photo: Apple

The number of MacBooks shipping in 2018 will grow by double digits, if a reliable analyst’s prediction proves correct. That would give Apple’s laptops stronger annual growth than iPhone or iPad.