Apple barely missed earnings targets, so analysts are still bullish
Apple's earnings declined slightly year-over-year in a rare miss, and in the wake of the announcement, stock analysts are talking about why the company is just as strong as ever.
Apple's earnings declined slightly year-over-year in a rare miss, and in the wake of the announcement, stock analysts are talking about why the company is just as strong as ever.
Delivery dates for the iPhone 14 Pro lineup have fallen to less than a week, suggesting that Apple has finally caught up with demand after a challenging quarter.
November was the worst month for iPhone shipment declines due to ongoing supply issues, but December showed signs of improvement, according to J.P. Morgan.
The entire smartphone market in China is getting hit badly, but Apple is gaining marketshare with the iPhone 14 despite lower shipments than 2021.
Analysts at J.P. Morgan report that iPhone 14 and iPhone 14 Pro lead times have improved, and in-store availability is better overall.
Apple has other options available for it to find a manufacturing partner for the Apple Car, J.P. Morgan proposes, with Renault suggested as a potential match.
Apple's holiday quarter financial results will be revealed on Tuesday, with iPhone 11 sales likely to be the biggest topic of interest. Here are what some of the analysts monitoring the iPhone maker expect will be revealed during the filing and following conference call.
For the first time ever, Apple will be competing in the $400 smartphone range with its most affordable new iPhone model ever, and one Wall Street analysts believes that could net the company 17 million additional sales this year alone.
Analysts on Wall Street expect the new 4-inch "iPhone SE" may be priced at $450, taking the place of the entry-level iPhone 5s. But if Apple were to keep the iPhone 5s around at a cheaper price, it could allow the company to tap into new markets.
Investment firm J.P. Morgan believes sales of the Apple Watch will see a boost from two key events this fall — the launch of watchOS 2 with support for native third-party apps, and a retail expansion to all Best Buy locations.
Though the new Apple TV isn't expected to have a streaming subscription service available at launch, that's not a problem for investment firm J.P. Morgan, who believes the device's real selling point will be an App Store with traditional console-style videogames.
With Apple's anticipated subscription television service said to be targeting a price between $30 and $40 per month, one analyst has predicted that the company will come in on the low end of that range, or else risk pricing itself out of the market.
Following a spate of rumors that late-term problems with the display on Apple's next-generation iPhone could force the handset's delay or seriously constrain supplies, at least one Wall Street analyst indicated that the issue — if it even actually exists — would not materially impact the launch of the so-called "iPhone 6."
Apple is excluding itself from a $63 billion market opportunity, investment firm J.P. Morgan believes, by only partially competing in the sub-$1,000 portable computing market, which is why one analyst argues Apple should introduce a new notebook powered by a more full-featured version of iOS.
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