Apple facing earnings headwind from proposed tax rate changes, analyst says
Investment bank JP Morgan believes that several proposed tax rate changes could "almost completely" reverse the benefits of prior tax reductions for Apple.
Investment bank JP Morgan believes that several proposed tax rate changes could "almost completely" reverse the benefits of prior tax reductions for Apple.
Analysts are weighing in on the latest smartphone shipment data out of China, which suggests solid demand for iPhone models but casts doubt on a "super cycle."
Microsoft has acquired speech recognition systems company Nuance in an all-cash deal valued at $19.7 billion, giving it control over the firm that helped Apple process Siri queries.
Apple saw remarkable revenue growth during the holiday quarter and throughout the pandemic, and according to one analyst, that growth will continue through the second quarter of 2021.
It should come as no real surprise that Apple Chief Executive Tim Cook says he'll "probably" leave the company within the next 10 years, given that the man is 60. But, it does raise the question of who is in line to replace him — AppleInsider ranks the current best options.
With Apple predicted to sell a record-breaking 240 million iPhones in 2021, Wedbush has named AAPL one of its top technology stocks heading into the earnings report season.
Investment bank Cowen believes Apple News+ is a key pillar in growing Apple Services, and forecasts that it could reach 19 million paid subscribers by 2023.
Morgan Stanley has raised its 2021 and 2022 Apple Services revenue forecast, but has revised its AAPL price target down to $156 to reflect warier investor outlooks surrounding the company's peers.
Goldman Sachs believes that a slowdown in App Store growth and the possibility of an end to Apple TV+ free trials presents "significant downside risk" to Apple's investors looking ahead to 2022.
Investment bank UBS has upgraded AAPL to a "Buy" and raised its price target to $142, based on a stable iPhone backdrop and the possibility of Apple entering the car market.
Apple has announced that its quarterly earnings call for the second fiscal quarter of 2021 will be held on April 28. Tim Cook and chief financial officer Luca Maestri are expected to detail the company's health.
Apple's iPhone 12 is enjoying high demand and equally high production levels, and the "iPhone 13" could arrive in October, analysts from Wedbush believe.
Apple chip partner TSMC will issue bonds worth NT$21.1 billion (US$743 million), in a bid to fund efforts to expand its production, allowing it to make more chips like Apple Silicon.
Apple's Mac segment will continue to see higher growth rates driven by tailwinds like the M1 chip and the work from home trend acceleration, says Gene Munster at Loup Ventures.
Investment bank Morgan Stanley calls recent reports of weaker iPhone demand "supply chain noise," and sees the AAPL pullback as a buying opportunity for investors.
Smartphone shipments in China are experiencing a worse-than-seasonal decline despite starting 2021 off strong, according to investment bank JP Morgan.
Apple has agreed to allocate a portion of cash to investment adviser Seelaus Asset Management, which will use the investment fees on a one-year rotational job program for women.
Investment bank Wedbush says that the recent Apple stock sell-off creates a "golden buying opportunity" for investors, and predicts that Apple still has a $3 trillion valuation on the horizon.
As part of a wider tech gain, Apple has again crossed the $2 trillion market capitalization threshold, rebounding just one day after it dipped below that mark for the first time in 2021.
Apple's market capitalization closed below the $2 trillion threshold on Monday, after shares dropped more than 4% in intraday trading.
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