Apple TV+ in conjunction with a 5G iPhone will help accelerate Apple's Services growth to 20% in 2020, with Katy Huberty of Morgan Stanley raising the price target for the iPhone maker to $289.
Following on from becoming a trillion-dollar company Apple has reached its highest valuation of all time today, during a trading period that put its shares at their highest price ever at $237.64.
Apple's 2020 fiscal year should be more positive than some investors anticipate, Cowen suggests, with the iPhone 11 refresh assisted by a potential launch of a second-generation iPhone SE early in the cycle to help increase hardware revenues.
The teenage market continues to be extremely strong for Apple, with data from a Piper Jaffray survey suggesting more teenagers own iPhones than ever before, with the Apple Watch also seeing high intention to buy from the impressionable customer demographic.
Apple's typical move to cut its orders for new iPhone models from its assembly partners shortly after launch is 'fading away,' Ming-Chi Kuo believes, with the usual shipment forecast decrease for October thought to be unlikely to happen this year due to the long general shipping times for the iPhone 11.
Apple has reportedly increased the production of the iPhone 11 range by 8 million units year-over-year after heightened demand, according to sources familiar with the situation.
Apple is scheduled to announce quarterly earnings for its fourth fiscal quarter of 2019 on Oct. 30, with CEO Tim Cook and CFO Luca Maestri expected to once again join analysts on a conference call after markets close.
Apple's launches of the iPhone 11 and iPhone 11 Pro range are doing better than analysts initially predicted, but investor excitement in the 2020 5G-equipped iPhone apparently continues to be far higher than the 2019 range.
Apple has made the move to using 100% renewable energy, but now hopes that it can convince its suppliers to do the same.
Apple's 2019 iPhones are off to a strong start in terms of sales in the United States, analysts at UBS claim, but the firm's data suggests customers may have to wait longer to get hold of the iPhone 11 or iPhone 11 Pro models than customers did for the 2018 releases.
Investors are being too conservative in their guesses of how much impact 5G will have on the iPhone's sales in the coming years, a Jefferies analyst suggests, with Wall Street apparently underestimating how many people will upgrade their devices to take advantage of the communications technology.
Continually bearish analysis from Rosenblatt Securities paints Apple as a company that disappoints with its latest iPhone launch, and is predicting low sales for the iPhone 11 and Pro models versus the 2018 releases, along with expressing concerns over sales momentum.
The increase in lead times for the iPhone 11 suggests demand for the new iPhone models is higher than the supply chain anticipated, according to JP Morgan, with the lead time growth for the value-based model seemingly indicating consumers are not focusing their purchases on the higher-end models as was previously predicted.
According to an internal memo, Apple communications head Steve Dowling is leaving in October after 16 years of service to the company.
Following Goldman Sachs predictions claiming that Apple TV+ trials would be reported financially in such a manner that investors would complain and bail out of the stock, Apple has said that it will have no impact on results at all.
After a month of gains, and one day after Apple's September event, Wall Street has responded by raising the share price for the company to a level that gives it a market capitalization valuation that exceeds 1 trillion dollars once again.
Apple is set to have a bullish 2020, Morgan Stanley claims the day after the launch of the 2019 iPhone models, with the aggressive pricing of Apple Arcade and Apple TV+ forming part of Apple's strategy to accelerate its Services revenue growth into next year.
Analysts are weighing in on Tuesday's "It's Innovation Only" iPhone 11 launch event, with positive sentiment from industry watchers over the pricing of Apple TV+ and Apple Arcade accompanying the largely-expected iPhone upgrades.
Tuesday's anticipated launch of new iPhone models isn't going to be a massively interesting event for investors, JP Morgan suggests, with "limited surprise" for the iPhone forcing most of the attention on pricing and other potential hardware launches.
Less than a week before Apple reveals its next-generation iPhones, Cowen forecasts Apple will start shipping the new models towards the end of September, but predictions of a second-generation iPhone SE and other future potential changes to the iPhone are seen somewhat more favorably.
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Malcolm Owen
Amber Neely
AppleInsider Staff
Mike Wuerthele
