Wedbush trims AAPL estimate to $335, expects 'iPhone 12' to ship late

The "once in a century" coronavirus outbreak is forcing Daniel Ives from Wedbush to tailor estimates for Apple downward, mostly based on iPhone demand deterioration in the short term and an "iPhone 12" release later than expected.

Mike Wuerthele 6 years ago 0

Goldman trims near-term Apple estimates on coronavirus impact, sees rebound at end of 2020

In a market research note released Tuesday, Goldman Sachs analyst Rod Hall cut near-term earnings estimates for Apple as the company braces for fallout from the ongoing coronavirus crisis.

Mikey Campbell 6 years ago 2

JP Morgan holding fast on AAPL at $350 despite coronavirus challenges

JP Morgan's Samik Chatterjee is seeing big impacts to Apple in 2020 because of various market forces associated with the coronavirus, but no real impact to the company lasting through 2021.

Mike Wuerthele 6 years ago 7

AAPL has coronavirus whiplash as markets rally after 'Black Monday'

Following after a weekend battering as part of a global financial meltdown caused by the coronavirus, Apple's stock has bounced back from Monday's sudden drop, with the share price considerably recovering near to Friday's closing price in premarket trading.

Malcolm Owen 6 years ago 4

AAPL bleeds record $97B in valuation over weekend [u]

Apple's shares have taken a hammering over the weekend in after-hours trading, with the share price set to open on Monday morning at about $20 below its value at the end of trading on Friday afternoon, its biggest drop in five years.

Malcolm Owen 6 years ago 84

Apple shares rebound, largely erasing last week's tumble

Apple's stock price surged 9.3% on Monday in the midst of a broader Wall Street rebound and an upgraded analyst rating.

Mike Peterson 6 years ago 7

Coronavirus forces massive AAPL hit, Microsoft earnings warning

As uncertainty swirls about the coronavirus impact technology industry-wide, industry stalwart Microsoft has issued an earnings warning, and Apple stock price continues to plummet.

Mike Wuerthele 6 years ago 34

Wedbush seeing temporary coronavirus challenges, keeping $400 AAPL price target

While the coronavirus is having impacts on the supply chain, Wedbush is holding fast on its $400 Apple stock target price and sees Apple's iPhone growth story continuing later in 2020.

Mike Wuerthele 6 years ago 5

Apple will miss quarterly guidance & iPhone sales estimates because of coronavirus

Apple is revising its quarterly guidance downward not just a as a result of lowered sales in China because of the coronavirus, but also because of production problems in the country that are just now starting to be overcome.

Mike Wuerthele 6 years ago 52

Berkshire Hathaway sold over $800M in Apple shares in Q1 2020

Berkshire Hathaway, Warren Buffett's investment fund, has reduced its holdings in Apple over the last quarter, offloading in excess of $800 million worth of Apple stock over a three-month period, but it still maintains its position as the iPhone maker's biggest shareholder.

Malcolm Owen 6 years ago 15

Why did Apple buy up another $20B in stock at record highs?

Since 2012, Apple has been buying back its shares at an extraordinary rate, often exceeding $10 billion— and frequently approaching $20 billion— per quarter. Now that its stock has doubled across the last year, why is it continuing to snap up shares?

Daniel Eran Dilger 6 years ago 53

Piper Sandler joins post-earnings chorus, hikes AAPL to $343

Focusing less on Tuesday's blockbuster earnings, and more on the potential for the 5G "iPhone 12," Piper Sandler has also increased its Apple stock price target.

Mike Wuerthele 6 years ago 0

Examining Apple's record-setting $91.8B holiday quarter by the numbers

Apple's biggest holiday quarter revenue ever is also a record-setter in a number of respects, with growth across nearly every one of Apple's market segments. AppleInsider drills down into the numbers, and puts them in perspective, to show just how well the iPhone maker did in the last quarter.

Malcolm Owen 6 years ago 8

Cowen drives AAPL target to $370 on iPhone's return to growth

Recapping Apple's $91.8 billion quarter, Cowen is seeing continued strength and earnings power from the company going forward, and has increased its target price for Apple stock yet again.

Mike Wuerthele 6 years ago 3

J.P. Morgan joins bulls, hikes Apple stock target price to $350

The morning after Apple's record-breaking holiday quarter results were published, J.P. Morgan analysts are reconsidering the value of the company's business with a dramatic increase in Apple stock target price.

Mike Wuerthele 6 years ago 0

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