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What every major Wall Street analyst has said about Apple’s earnings report



CEO Tim Cook waved his hand when he took the stage at the last Apple Worldwide Developers Conference (WWDC) in San Jose, California.

David Paul Morris | Bloomberg | Getty Images

(This story is for CNBC Pro Subscribers only).

Top Wall Street analysts cautiously received Apple’s latest earnings report because the uncertainty in iPhone sales made the overall number better than expected.

The consumer technology giant announced Thursday that its fourth-quarter earnings per share and revenue were higher than expected, and the performance of services, Mac computers and iPads exceeded expectations. However, sales of the flagship iPhone were insufficient, and Apple did not provide guidance for the next quarter.

After traders digested the report, Apple̵

7;s stock price fell about 4% in premarket trading to about $111 per share.


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