01/11/2016, 08:01 am
As shares of Apple remain under $100 after recent losses, Brean Capital is standing by its $170 price target, predicting the iPhone will outperform lowered Wall Street expectations in 2016.
01/07/2016, 10:01 am
Wall Street's pessimistic view of the iPhone's future continues to drag Apple stock downward, as shares of the Cupertino company opened trading below $100 for the first time in more than a year on Thursday.
01/07/2016, 09:01 am
RBC Capital Markets on Thursday became the latest investment firm to cut its estimates for Apple, joining the chorus of concerns that Apple could post its first-ever year over year decline in iPhone sales.
01/06/2016, 10:01 am
The price of of Apple stock has been driven lower by concerns over demand for the iPhone 6s lineup, dropping near $100 per share in early trading on Wednesday as investment firm Wells Fargo Securities cut its own outlook, predicting a short-term "road bump" before a return to growth.
01/05/2016, 06:01 pm
While reporting that Apple could cut supplier orders for new iPhone 6s models by "30 percent," Japanese business newspaper Nikkei has characterized the move as "inventory adjustment" while adding that other iPhone models "have continued to sell."
01/05/2016, 05:01 pm
Deviating from a bandwagon of media reports interpreting recent supply chain rumors as a harbinger of iPhone's first year-over-year sales contraction, PiperJaffray analyst Gene Munster believes production estimates have little to do with final reported sales. For a more accurate representation, investors should instead look to key data points from Apple itself.
01/04/2016, 06:01 pm
Apple will reveal its quarterly financial results for the first fiscal quarter of 2016 on Jan. 26, the company said on Monday, an important three-month period that accounts for new iPhone performance and holiday sales.
01/04/2016, 02:01 pm
As shares of Apple continue to hover just above $100, investment firm FBR stood by the iPhone maker on Monday, saying that the overly negative sentiment on Wall Street is not justified.
01/02/2016, 03:01 pm
Two years ago, Google made headlines when it acquired military robot maker Boston Dynamics. However, after receiving $42 million from the government to develop autonomous machine mules, the robotics group has failed to deliver anything the Marines can use and the Pentagon has ended further funding.
12/31/2015, 06:12 pm
Despite record-breaking quarterly earnings and continued market growth in the face of withering industry headwinds, Apple stock closed out 2015 down for first time since 2008, though analysts remain positive on the company's near-future prospects.
12/31/2015, 08:12 am
Recent concerns stemming from Apple's supply chain haven't swayed Brean Capital, which believes iPhone sales will continue to grow another 5 to 10 percent in calendar 2016.
12/28/2015, 01:12 pm
Berenberg Bank on Monday let go of Adnaan Ahmad, an analyst known for making some of the bleakest forecasts for Apple stock, with a price target well below $100.
12/23/2015, 09:12 am
Concerns over iPhone 6s sales continue to grow on Wall Street, as FBR & Co. became the latest firm to revise its estimates downward, calling on Apple to sell 75.5 million total iPhones in the current December quarter and cutting its price target to $150.
12/22/2015, 06:12 pm
Apple on Tuesday issued amended corporate bylaws that affords a shareholder, or group of shareholders, with sufficient standing the opportunity to nominate a representative to the company's board of directors, a mechanism referred to as "proxy access."
12/22/2015, 02:12 pm
In the age of the blockbuster, Apple's iOS platform is leading the way far ahead of its competitors, investment firm UBS said in a note to investors on Tuesday.
12/21/2015, 12:12 pm
A new global cross-patent licensing agreement between Apple and Ericsson could help improve gross margins on the iPhone going forward, further padding Apple's bottom line, according to a new analysis.
12/17/2015, 11:12 am
The parade of analysts concerned about weak outlooks from Apple suppliers continues to grow, with J.P. Morgan on Thursday advising investors that it is reducing near-term forecasts for iPhone sales.
12/17/2015, 08:12 am
Investment firm RBC Capital Markets slashed its price target for Apple stock to $140 this week, saying data from the company's extensive supply chain suggests iPhone sales could shrink in 2016.
12/16/2015, 10:12 am
Apple investors showed concern this week after iPhone supplier Dialog Semiconductor warned revenue will fall short of expectations, but Piper Jaffray took the opportunity to remind Wall Street that it's unwise to read into supplier data.
12/15/2015, 05:12 am
On Monday, Katy Huberty of Morgan Stanley cited channel checks and a customer intent survey as the basis for predicting the potential for iPhone sales to fall by as much as 2.9 percent over the next year, reaching a total for 2016 as low as 224 million in a "worst case scenario." The idea of "Peak iPhone" generated clickbait headlines, but the real story is that channel checks have historically been extremely worthless at predicting Apple's actual performance.