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Topic: Wells Fargo

End of Galaxy Note 7 predicted to help Apple, but 'big beneficiaries' could be other Android devices

10/11/2016, 03:10 pm

While investment firm Wells Fargo Securities believes Apple and its newly released iPhone 7 Plus will benefit from the discontinuation of the dangerous Galaxy Note 7, it also believes that the greatest potential for gains could be non-Samsung Android handsets.


Apple's December 2016 quarter could gain extra week, helping sales of next iPhone

07/26/2016, 09:07 am

Apple has historically added an extra week to its December quarter when the 31st of the month falls on a Saturday --which it does again this year. That extra time could add 3 million iPhone sales to the three-month period, one analyst has predicted.


'Very low' expectations for Apple earnings set up positive risk/reward, Wells Fargo says

07/19/2016, 12:07 pm

Ahead of its June quarter earnings report next week, a number of factors have put Apple in a position to exceed investor expectations, making it a good time to buy into the company's stock, one analyst believes.


Wall Street remains optimistic about 'iPhone 7' & Apple's 2017 after Q2 declines

04/27/2016, 11:04 am

Analysts on Wall Street were pushing optimism after Apple's disappointing fiscal 2016 second quarter earnings, saying they expect that the company will continue to innovate and will return to growth over the next year.


Wells Fargo believes 'iPhone 7' will reaccelerate Apple growth, sell 80M+ this holiday

04/26/2016, 09:04 am

With Apple set to report its first-ever year-over-year decline in iPhone sales this afternoon, analysts continue to look forward to the anticipated "iPhone 7" launch in hopes that it will re-stimulate growth.


Wall Street adjusts Apple expectations after Tim Cook 'rips the Band-Aid off'

01/27/2016, 11:01 am

Though Apple had a respectable December quarter, the company's outlook for the following three months calls for iPhone sales to decline for the first time ever. Analysts on Wall Street responded by trimming their price targets, though most still believe investors should buy in.


Wells Fargo cuts Apple price target as stock hovers just above $100

01/06/2016, 10:01 am

The price of of Apple stock has been driven lower by concerns over demand for the iPhone 6s lineup, dropping near $100 per share in early trading on Wednesday as investment firm Wells Fargo Securities cut its own outlook, predicting a short-term "road bump" before a return to growth.


Ericsson settlement could help improve iPhone margins for Apple, Wells Fargo says

12/21/2015, 12:12 pm

A new global cross-patent licensing agreement between Apple and Ericsson could help improve gross margins on the iPhone going forward, further padding Apple's bottom line, according to a new analysis.


Apple added 26 new iPhone carrier partners worldwide in November, total now at 433

12/01/2015, 09:12 am

Last month, Apple added 26 new global carrier partners, greatly expanding the potential reach of its hot selling iPhone lineup and positioning the new iPhone 6s for continued growth.


Apple's record setting iPhone 6s launch weekend impresses Wall Street

09/28/2015, 12:09 pm

With more than 13 million units sold in the first three days of availability, the iPhone 6s and iPhone 6s Plus exceeded most market expectations, and analysts responded on Monday by reacting favorably to the announcement from Apple.


Wells Fargo says low expectations for Apple's Sept. 9 event could work to stock's advantage

09/04/2015, 11:09 am

There's a feeling on Wall Street that everything is already known and expected heading into Apple's "Hey Siri" event, investment firm Wells Fargo said on Friday, suggesting that any potential surprises could help push the company's stock higher.


Wells Fargo upgrades Apple stock to 'outperform,' says recent correction is an overreaction

08/25/2015, 09:08 am

Longtime Apple bear Wells Fargo Securities changed its rating on the iPhone maker on Tuesday, saying recent losses in the company's stock have been overdone, especially in light of the company's continued success in China.


Analysts bullish ahead of Apple's Q3 results, say iPhone sales could reach 50M+

07/20/2015, 12:07 pm

Analyst sentiment is generally high ahead of Apple's third-quarter earnings announcement -- due on Tuesday -- calling for numbers that could beat both official guidance as well as Wall Street consensus, mostly on the strength of iPhone sales that could near or top 50 million.


Rockstar patent sale could net Apple $392 million in March quarter

03/31/2015, 03:03 pm

The sale of patents owned by the Rockstar Consortium of companies could bring a windfall of $392 million in additional cash to Apple's March quarter, estimates from one analyst predict.


Wells Fargo: Apple may need to raise more debt to pay for increased share repurchase

02/02/2015, 09:02 pm

While the $6.5 billion bond issue revealed on Monday may be enough to cover its existing capital return program, Wells Fargo believes that Apple could be forced to either raise an additional round of debt or repatriate cash from overseas if the program is to continue its traditional annual increase.


Wall Street shocked by Apple's staggering quarter, prompting analysts to raise estimates

01/28/2015, 11:01 am

Apple's stunning first quarter of fiscal 2015 blew virtually every prediction out of the water, and left Wall Street analysts rushing to increase their price targets on Wednesday as the stock jumped higher.


Earnings preview: Wall Street awaits record shattering $67B quarter from Apple

01/27/2015, 11:01 am

With just a few hours to go before Apple reports the results of its first fiscal quarter of 2015, Wall Street is hyped for what it expects will be a blockbuster, all-time record for the iPhone maker.


Wells Fargo maintains neutral outlook on Apple, says market expectations too high

01/26/2015, 08:01 am

Wells Fargo Securities continues to go against the grain with a neutral "market perform" rating on shares of Apple, forecasting that shares will trend lower in the face of high expectations on Wall Street.


Driven by promotions & 16 new carriers, Apple seen selling 36.5M iPhones in June quarter

07/02/2014, 08:07 am

Wells Fargo Securities believes Apple may have just completed yet another record breaking quarter, driven by a forecasted shipment of 36.5 million iPhones for the three-month period ending in June.


Apple grows carrier partners to 323 worldwide, up 15% since last October

05/30/2014, 08:05 am

Availability of the iPhone continues to increase as Apple inks new contracts with additional carriers, bringing its current worldwide total to 323 wireless providers, investment firm Wells Fargo Securities revealed on Friday.