Key facts: Apple reports $144B revenue; JP Morgan raises price target
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Apple posted record revenues of $144 billion for the quarter ending December 27, fueled by strong iPhone demand, with net sales rising 16% to $143.8 billion.1JP Morgan has increased its price target for Apple (AAPL) shares to $325.00 from $315.00, while Jefferies has also raised its target to $286.54, up from $276.47.2The Dan IVES Wedbush AI Revolution ETF, featuring Apple, has gained 30.5% since launch, surpassing the Nasdaq's 21.7% return in the same timeframe.3
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