BofA Securities reiterated its Buy rating on Apple (NASDAQ:AAPL) but lowered the price target to $253 from $256, noting that there is focus on earnings resiliency despite weaker iPhone outlook. Shares ...

The Cupertino-based company posted a four percent year-over-year increase, reaching $124.3 billion in revenue.

Apple analysts see Q1 results as better than expected, Q2 guidance better than feared and China worries minimizing.