TD Cowen raises AAPL target to $220 as iPhone demand in China, India grows
TD Cowen has increased its price target for Apple to $220, with iPhone shipments to emerging markets a "bright spot" in the upcoming Q3 2023 financial results.
TD Cowen has increased its price target for Apple to $220, with iPhone shipments to emerging markets a "bright spot" in the upcoming Q3 2023 financial results.
Apple's largest iPhone supplier Foxconn is intending to build two new plants in Karnataka, southern India, at a cost of half a billion dollars.
While Apple may see earnings below Wall Street's expectations on the quarter, the iPhone 15 and strong China results have driven an Apple Stock price target increase by investment bank Piper Sandler.
Foxconn rival Luxshare is believed to be the sole assembly partner for the Apple Vision Pro headset, and a new report says its flexibility in prototyping earned it the order.
Apple will "flex the muscles" in its upcoming quarterly results, Wedbush believes, with higher iPhone demand in China expected to be a high point for the period.
Online gaming has become a major industry in India, but one decision by the government may see taxes bring it to its knees.
Apple has opened up an online store on WeChat, the major messaging app owned by Tencent, giving customers in China another avenue to buy iPhone, iPad, Mac, and more.
As smartphone markets all across the globe wither away, China saw only two manufacturers pick up any new growth so far in 2023 — and Apple is one of them.
China's government has moved forward with restricting exports on certain materials central to chip manufacture — but TSMC does not foresee this will impact production in the short term for Apple devices.
Apple has not succeeded in overturning a lawsuit that alleges CEO Tim Cook defrauded shareholders by withholding knowledge of falling demand in China.
New figures claim that smartphone sales in China have now seen double-digit growth in the build up to the country's 6.18 shopping festival.
FCC filings have revealed that the required labelling on the new 2023 Mac Pro includes the phrase, "Product of Thailand," alongside the regular "Designed by Apple in California."
Apple is aiming to capitalize on China's "618" shopping festival with its first live-streamed sales channel on Alibaba's Tmall, offering very short-term iPhone discounts.
Foxconn is offering sign-up bonuses to new employees at its Zhengzhou factory, in advance of its annual busy period when it mass-produces the next model of iPhone.
Apple's list of suppliers reveals it is relying on fewer companies in China while increasing the count in India, in what could be an indicator of Apple's move to lower its reliance on a single country for production.
Apple has released a new video promoting its iPhone privacy features, and done it as a straight-out action flick which has been made specifically for its Chinese site.
A new analyst report shows Apple doubled shipments of the iPad in China for the first quarter of 2023 when compared to the same time period in 2022.
Chip manufacturers, including Apple supplier TSMC, have begun considering moving a portion of their manufacturing to Japan as US/China tensions continue to escalate.
Foxconn chairman Young Liu has reassured workers at its Chengdu factory that it is an "important" base of production, despite Apple's discussions on diversifying manufacturing away from China and into other countries.
Although China's smartphone market experienced its weakest first quarter since 2014, Apple managed to achieve the highest market share and smartphone sales in the region.
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