Apple Announces Mobile iOS Testing Program

Appple announced that it will be extending its public beta testing program. The program will allow developers and testers to weed out bugs in the iOS mobile operating system before being made publicly available.

The firm started a public testing program for it’s laptop operating system a year ago before issuing Yosemite 10.10, the current version. The version of mobile iOS that beta testers will be able to test is 8.3.

Wall Street analysts expect Apple Inc. (NASDAQ:AAPL) to report earnings per share of $2.11 for the current fiscal quarter. This number is based on the average estimate of the sell-side research firms that cover the stock. Apple Inc. (NASDAQ:AAPL) most recently reported earnings per share of $3.06 on 2015–0-1-27 for the quarter ended 2014-12-31. This number was 0.46 away from what analysts had expected, a difference of 17.69%.

As a whole, brokerage analysts have a consensus price target of $137.75 on the stock. This is the mean one year estimate based on the 24 polled research firms covering the equity. The most recent price target update that went into the average was added on 2015-03-10.

The average broker recommendation is an arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. Ratings are scaled on a 1 to 5 scale where 5 represents a Strong Sell and 1 represents a Strong Buy. Apple Inc. (NASDAQ:AAPL) currently has a rating of 1.53 based on 24 research broker recommendations. Of this group, the analyst that sees the biggest upside to the current stock price sees it reaching $160 within the year. The most conservative analyst has the price target set at $110 for the one year target.

Looking further ahead at the long term growth estimates for the firm, analysts are anticipating earnings per share of $8.61 for the current year. The most bullish analyst estimates earnings per share of $9.66, while the most bearish is estimating EPS of $7.53 for the year.

About Apple Inc. (NASDAQ:AAPL)

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.

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