Apple's shares have more than doubled over the last year, but the rapid increase isn't just the result of some temporary irrational exuberance. Instead, as a variety of analysts and observers have noted, it means that investors have formed a new understanding of Apple as a company, shedding their formerly bleak pessimism that valued Apple far lower than the various consumer electronics rivals it has been outperforming.
Following iPhone demand checks internationally, and predictions of an incredible 5G 'iPhone 12' debut, Wedbush has set a $350 per-share price target on Apple stock, but believes that $400 is possible if everything goes right in 2020.
Faced with fresh data from China that showed Apple fare much better than the overall market during December, Credit Suisse is boosting its price target on shares of the iPhone maker to $275 but holding firm on its neutral rating.
As the U.S. government scrutinizes big tech over potential data security concerns involving China and Russia, the chair of a congressional panel on Friday asked Apple and Google if they require mobile app developers to disclose foreign ties.
China, the world's largest smartphone market, has been nothing short of a moving target for Apple. A salvo of shots fired by top analysts this week only evidences one thing: the only near-term certainty with Apple and China may be more uncertainty.
Fears of a pending iPhone import tax were assuaged on Thursday as President Trump signed a limited trade deal with China that draws back existing tariffs and cancels a new round of levies set to go into effect on Sunday.
High demand for Apple's flagship AirPods Pro and better than expected sales of the iPhone 11 in China are leading the charge in the holiday quarter, with one investment company setting a target price for Apple stock of $305.
Despite mounting risks in mainland China, Bank of America Securities upped its price target another 7% on shares of Apple this week, saying the international roll out of 5G should help the company sustain consistent sales of over 200M iPhones over the next few years.
Apple CEO Tim Cook, on a press tour of the company's upcoming billion-dollar campus in Austin, Texas, campus on Wednesday, fielded the usual questions — and offered the usual answers — about Apple's interests in China, U.S. investments, President Trump and, surprisingly, future initiatives.
U.S. Sen. Josh Hawley (R-Mo.) on Monday introduced a bill that aims to protect American interests by prohibiting companies from transferring user data or encryption keys to China, legislation that could impact Apple's Chinese business strategy.
Apple and Chinese app TikTok failed to send representatives to a U.S. congressional hearing convened to delve into Chinese influence on the wider tech industry and consumer data, a move that drew swift condemnation from senators eager to draw ties between large firms and the Asian nation.
Figures from market research groups trying to estimate how many iPhones Apple is selling "simply aren't any good," according to Neil Cybart, the Above Avalon analyst who most accurately modeled the company's revenues and earnings for the quarter.