JP Morgan trims Apple stock target to $215 over weak iPhone expectations
Investment firm JP Morgan has cut its Apple price target by $10 following the company's earnings report that showed iPhone declining in China.
Investment firm JP Morgan has cut its Apple price target by $10 following the company's earnings report that showed iPhone declining in China.
Despite an earnings beat for Q1 2024, Piper Sandler believes the iPhone will see continued headwinds leading to a challenging March quarter.
Research and development spending has increased consistently for over a decade at Apple, but it's basically flat year over year for Q1 2024.
Apple reported revenue of $119.58 billion in its first-quarter results for the 2024 fiscal year, with earnings rebounding from the year-ago quarter.
Apple's first fiscal quarterly results will be released by the company on Thursday evening. Here's what happened in the holiday quarter, and what to expect the iPhone maker to reveal to investors.
Apple's first-quarter results should provide modest upside' for investors, a note from Evercore analysts believes, with continued high Services growth and risk in China at the forefront of investor thoughts for the company.
J.P. Morgan says Apple won't see much immediate impact on App Store revenue due to how its new fee structure is arranged, but regulators around are likely eyeing the solution.
Investment bank Morgan Stanley says Apple's forthcoming earnings call will be "a clearing event," that stops short term concerns and gets investors looking at the company's signs of future growth.
Investors shouldn't be concerned about the long lead times for the Apple Vision Pro, analysts at J.P. Morgan say, and that focus should be placed on feedback from actual customers.
TD Cowen says Apple has cut its iPhone orders as all smartphone manufacturers face lower demand in China for the first calendar quarter of 2024, but it's ignoring Apple's typical January adjustments.
Apple generated over five times more profit from South Korea in its fiscal year ending September 2023 than it did the year before, from roughly the same net sales as the last two years.
TSMC is expected to announce a 23% drop in profit for the fourth quarter, but analysts say Apple will continue to keep its orders "steady" for the immediate future.
Apple CEO Tim Cook took home $63.2 million for fiscal year 2023, dropping from $99.4 million the previous year, although it was at his own request.
Apple shareholders can attend the annual shareholder meeting on February 28 at 12 p.m. ET to vote and submit questions.
As Al Gore and James Bell reach the Apple Board of Directors retirement age of 75, Dr. Wanda Austin joins the board.
In intraday trading on Thursday, Apple was usurped as the most valuable company in the US for about two hours, with Microsoft temporarily taking the crown more than two years after the last time it happened.
According to an analyst note, the PC market has seen eight consecutive quarters of year-over-year shipment decline, with Apple holding on to its approximate 9% market share.
Investment firm Redburn Atlantic has become the latest to downgrade Apple, although its analyst is keeping its $200 price target.
AppliPhonee's chip manufacturer TSMC has reported better than expected revenues for Q4 2023, and says it's due to AI causing increased demand for high-performance processors.
Longtime Apple finance executive Saori Casey is leaving Apple to become chief financial officer at Sonos, a smart speaker maker and HomePod competitor.
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