Wedbush raises Apple stock target to $205 over strong iPhone demand
Wedbush has increased its price target for Apple from $190 to $205, based on seemingly positive checks indicating strong iPhone demand for the quarter.
Wedbush has increased its price target for Apple from $190 to $205, based on seemingly positive checks indicating strong iPhone demand for the quarter.
Citing signs of rebounding demand for iPhones in China, expected new products, and an anticipated rise in services, Wedbush has again raised its Apple stock price target.
The National Legal and Policy Center is using its power as an Apple shareholder to propose removing Al Gore and CEO Tim Cook from the board of directors during the March 10 shareholder meeting.
Apple continues to be the best stock pick among computer producers, according to Morgan Stanley, with the overall PC market hitting its lowest point in about two decades.
Warren Buffett's Berkshire Hathaway continues to increase its stake in Apple stock, adding 333,856 shares in Q4 2022.
Apple has hauled in $117.15 billion in revenue for its first quarter results of 2023, with the earnings impacted by both an economic downturn and Chinese factory issues.
Apple will be announcing its 2023 fiscal first quarter results later today. Here's what to expect from the holiday quarter earnings — and what Wall Street is predicting.
Apple's holiday quarter results will be lower than 2021, according to Cowen, with "softness" expected due to iPhone shipments impacted by Chinese lockdowns.
Long-time Apple rival Samsung had an incredibly bad fourth quarter, with the global economic downturn blamed for a 69% drop in quarterly operating profit.
With lower than normal iPhone shipments, Morgan Stanley is following consensus for Apple's first quarter results for 2023.
Soft holiday iPhone sales will hit Apple's first fiscal quarter, while strong currencies against a weaker dollar may have helped Apple's finances according to UBS analysts.
Apple's flurry of January launches may be the company's last major releases for some time, with a lack of inbound new products expected for the second quarter meaning there could be quite a few months to wait for something new to surface.
Global smartphone shipments fell 17% in the 2022 holiday quarter versus 2021, but the iPhone reclaimed the top spot despite supply issues.
Despite seeing its Services arm grow at a steady pace over the years, analysts believe Apple is still considered a device producer, with middling take-up of its various non-hardware elements by customers.
Fresh after rumors of using OpenAI's writing technology in its productivity apps, Microsoft is now preparing to invest $10 billion into the AI tool company.
Apple has revealed it will be announcing details of its earnings for the first fiscal quarter of 2023 on February 2, with its typical results accompanied by an investor conference call featuring CEO Tim Cook and CFO Luca Maestri.
Apple has started 2023 with a reduced market capitalization that's dropped below $2 trillion, a stark change from hitting $3 trillion exactly one year before.
Apple's China problems has prompted JP Morgan to moderate its December quarter expectations, trimming its price target due to long iPhone 14 Pro lead times.
Supplies of the iPhone 14 Pro models have improved and moderated lead times for getting into the hands of customers, JP Morgan's tracker indicates, but lead times will continue to be a focus throughout December.
The prospect of Apple acquiring Disney seems not just unlikely, but incredibly improbable, after the returning CEO told employees the rumors are "pure speculation."
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