iPhone 16 won't be compelling, says analyst with no compelling data
Investment analysts at Barclays say that the 2024 iPhone 16 range won't reverse what it sees as falling iPhone demand, and consequently has lowered its stock price target.
Investment analysts at Barclays say that the 2024 iPhone 16 range won't reverse what it sees as falling iPhone demand, and consequently has lowered its stock price target.
A new analyst report based on supply chain information claims that the iPhone 15 Pro will be more expensive than its predecessor — and the iPhone 15 Pro Max is expected to be priced still higher.
Those enrolled in the Barclays Visa with Apple Rewards program will be shifted to the new Barclays View MasterCard, ending Barclays' affiliation with Apple.
Apple customers won't be offered the ability to finance their purchases via the Barclaycard Financing Visa anymore, with retail employees informed the partnership between the two companies ended on September 15.
Barclays has started to cover Apple's stock once again, handled by a new managing director at the investment bank, but the initial view of the iPhone maker is dreary, landing it with a price target of $192 and an 'Equal Weight rating" based on 5G iPhone and Services pessimism.
After nearly a decade, Barclays has stopped offering Apple gift cards to new customers, and has stopped giving extra rewards points on buys from Apple in favor of a new Apple Card purchase plan.
Apple could bring back Touch ID along with 5G support in the 2020 iPhone, Barclays analysts predict, with a recent fact-finding trip to meet supply chain firms resulting in expectations about the 2019 iPhones that doesn't seem to suggest anything majorly different from other speculation attempts.
Barclays is reportedly having trouble attracting users to its BPay mobile payments system and the Pingit app in the United Kingdom, due to competition from Apple Pay and other competitors, with the bank allegedly preparing to merge the two services into one.
Qualcomm may miss out on an opportunity to supply 5G modems for the 2020 iPhones, Barclays suggests, warning the window to make the necessary arrangements to provide the components is narrowing, with matters not helped by the chip producer's ongoing legal activity with Apple.
Barclays has taken advantage of Siri integration to add the ability to pay people and business that have already paid in the past just using Siri.
The next generation of iPhones may include True Tone technology, a research note from Barclays analysts claims, suggesting the 'iPhone 7s,' the 'iPhone 7s Plus,' and the 'iPhone 8' will have the same ambient light sensing feature as used on the 9.7-inch iPad Pro.
Barclays should, after a long wait, add support for Apple Pay sometime in mid- to late March, according to an email from one of the U.K. bank's top executives.
Customers of U.K. bank Barclays will have to wait until early 2016 to use of Apple Pay on their iPhones, iPads, and Apple Watches, according to an email from the company's CEO of Personal and Corporate Banking.
Sources in Apple's supply chain are particularly bullish about iPhone sales to start 2015, leading investment firm Barclays Capital to say that its forecast of 54 million units for the current quarter is a "conservative" estimate.
British banking giant Barclays this week raised its price target for Apple shares to $140 from $120, saying that increased customer demand for larger-screened iPhones and iPads, the introduction of the Apple Watch, and the unveiling of new services like Apple Pay could significantly expand the company's margins.
Though Barclays has been bearish on Apple stock since February, the investment firm changed its tune on Monday with a newly reestablished "overweight" rating alongside a new price target of $110 per share.
Recent gains made by Apple stock had placed the price target at Barclays underwater, but the investment firm responded on Wednesday with a newly increased target of $655 that it said shows "respect" for Apple's momentum headed into the second half of 2014.
Recent gains by Apple's stock have pushed its share price past some Wall Street analysts' price targets, leaving their forecasts underwater, while others could be next if the upward trend continues.
A pair of investment firms believe casing supplier Catcher has secured a sizable chunk of Apple's anticipated "iPhone 6" metal casing orders, as the company lines up suppliers for a handset launch later this year.
Apple might be looking to lend a helping hand to those who are particularly prone to sunburns or are otherwise sensitive to harmful UV rays, as one analyst believes that the company will include new UV exposure sensors in its so-called "iWatch."
{{ summary }}