Morgan Stanley weirdly bullish on iPhone as it trims Apple stock price target
Investment bank Morgan Stanley says there are signs of increased iPhone, Mac, and Services revenue for Apple, but it has cut its target price by $10.
Investment bank Morgan Stanley says there are signs of increased iPhone, Mac, and Services revenue for Apple, but it has cut its target price by $10.
One investment firm isn't so sold on tales of disastrous iPhone order cuts, and instead, is bullish on what they see as better than expected order volume across Apple's supply chain.
Investment firm JP Morgan predicts that Apple will introduce AI with the 2025 iPhone 17 Pro, and has dropped its current price target to $210 partly as a result.
Apple CEO Tim Cook has sold shares in his company worth about $33 million, and received just under half that after tax.
Apple will be revealing its second fiscal quarterly results on May 2. This is what to expect from the financial results and the ensuing analyst conference call.
Projecting that Apple's annual revenue will decline in 2024, investment firm Loop Capital says iPhone demand is too soft.
With the earliest possible trial date start likely in late 2026, analysts are generally nonplussed by the Department of Justice omnibus antitrust suit and are telling investors to stick with Apple.
Aiming to show that its carbon reduction efforts are not mere "climate-washing," Apple has spotlighted how its Restore Fund is contributing to the restoration of a Brazilian rainforest, and attempts to save over 3,000 types of tree from extinction.
Investment firm Evercore says Apple is facing weakening demand and strong competition from AI rivals, but investors should stick with it for the long term.
An analyst note suggests regulation from the EU and the $2 billion fine may put pressure on Apple's earnings per share, but its shift to AI will help keep the earnings multiple even at about 25x.
Apple's annual shareholders' meeting concluded with support for all of its proposals, and rejection of shareholder proposals, despite controversies and disagreements.
Wedbush believes Apple's alleged move to cancel the development of the Apple Car provides a laser focus on what's next for the company — AI.
Apple has returned to the pole position in the European smartphone market in the holiday quarter of 2023, with the iPhone overtaking Samsung's hardware shipments.
The Sage of Omaha has decided to trim his Apple holdings, as part of what appears to be a small move away from big tech.
Apple's supply chain checks show there are fewer cuts to orders than they expected at this time of year, with Dan Ives of Wedbush Securities saying that because of it, Apple will have a tremendous year.
Contrary to shareholders' opinions on the matter, a survey of union-aligned Apple retail workers finds many employees believe the company holds contempt for workers who attempt to unionize.
A lawsuit alleging that Apple mistakenly overpays its executives including Tim Cook, by tens of millions of dollars, has been dismissed.
Wowed by their experience with Apple Vision Pro, analysts at investment bank Morgan Stanley see "immense" long-term potential for the Spatial Computing headset that Wall Street has yet to fully appreciate.
The launch of the Apple Vision Pro signals a potential "product renaissance" for the company, Wedbush analysts believe, with the hardware also Apple's first step towards introducing an AI App Store.
Investment firm Wedbush says its expectations for Apple are "firmly unchanged" as earnings showed a strong holiday quarter despite a decline in China.
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