Early analyst reactions are all over the place after Tuesday's results call, in which Apple reported $84.3 billion in revenue for the December quarter, more than it expected in its early-January revision, but less than it predicted for the quarter in November.
Anxiety is mounting over Apple's December-quarter financial results, which will be officially revealed on Tuesday following a $5 billion-plus revenue downgrade to $84 billion earlier this month. Here's what some analysts are predicting.
Since Apple revised its revenue guidance on Wednesday, analysts have been quick to jump on the news with their opinions on the lower-than-expected iPhone sales and reduced revenues primarily from the Chinese market. AppleInsider rounds up a number of the statements made by the commentators.
The smartphone market may be in decline, which, coupled with allegedly weak iPhone XR demand and more users looking at older iPhone models, is forcing UBS to cut its estimate for Apple's stock price.
UBS has cut its price target for Apple by $15 to $225 after revising its estimates, citing reported supply chain cuts and potentially tough market conditions for iPhone XR forecasts caused by the dollar appreciating against currencies in other key markets.
Apple's quarterly results report arriving on Thursday should encourage a great December quarter, both Loup Ventures and UBS suggest, with the average selling price of iPhones anticipated to grow for the important holiday shopping period.
In a poll of prospective iPhone purchasers, 84 percent of buyers say they'll get a pricey iPhone X or larger iPhone Plus model, pushing UBS to raise AAPL's price target to $210.
The next iPhone line will probably consist of three models, including two OLED variants and an entry level version with an LCD screen, leading to "flattish" average selling price for the fiscal year 2019, according to a new analyst report.
Recent reports on iPhone X demand and alleged production cuts have caused concern on Wall Street, where investors eagerly await Apple's March quarter guidance from its latest earnings report. AppleInsider gives you a rundown of what to expect.
Apple's forecast for its next fiscal quarter was particularly strong, leading market watchers to believe that, in addition to the next-gen "iPhone 7s," the much anticipated "iPhone 8" could be on sale at the tail end of the September quarter in limited quantities, or at the very least in early October.
Apple's flagship OLED "iPhone 8" could help push shares of the company as high as $170, investment firm UBS believes, issuing a note to investors on Tuesday saying that 2018 earnings per share will likely exceed market consensus expectations.
In anticipation of a pricey flagship iPhone later this year, investment firm UBS increased its price target for AAPL stock on Monday, advising investors to buy in before the launch of the highly anticipated "iPhone 8."
Apple's second fiscal quarter of 2017 was largely a mixed bag, in the eyes of investors, who saw some positives but were also disappointed by some results. Analysts reacting to the quarterly results were largely indifferent on the short term, remaining focused on growth of the company's Services business and an anticipated "iPhone 8" super-cycle.
A new analyst report sees Apple outperforming an expanding premiums smartphone market, with the company garnering its highest market share in four years in the US, Japan, and Europe.
Expectations are growing that augmented reality could play a key role in Apple's "iPhone 8" and beyond, prompting investment firm UBS to increase its price target for shares of the company on Tuesday.
Apple's Services earnings aren't being considered strongly enough by investors, one analyst believes, arguing that if the business was properly weighted, the stock company's stock would be at least 10 percent higher than it currently sits.
After a period of declining sales, Apple is expected to have returned to growth in the holiday 2016 shopping season, riding high on the popularity of the new iPhone 7 series.
Apple's newly released iPhone 7 lineup is poised to outperform its predecessor, the iPhone 6s, a new survey suggests. But outdoing the blockbuster performance of the iPhone 6 series remains a tall order.
After the iPhone 6s series saw the first-ever year-over-year decline in iPhone sales, things are expected to be back on the rise for Apple leading into next year with the iPhone 7, and carrying into 2018 with an anticipated redesign, according to investment firm UBS.
While a $14.5 billion payment of back taxes could bankrupt many major corporations, it's pocket change for a company as cash flush as Apple. As a result, analysts surveyed by AppleInsider on Tuesday said they aren't concerned about the European Commission's decision, regardless of how an appeal ultimately plays out.
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