Wedbush remains bullish on Apple after 'bumpy' China results
Investment firm Wedbush says its expectations for Apple are "firmly unchanged" as earnings showed a strong holiday quarter despite a decline in China.
Investment firm Wedbush says its expectations for Apple are "firmly unchanged" as earnings showed a strong holiday quarter despite a decline in China.
Apple's iPhone sales worldwide are up, but in China are down 13% year over year, and CEO Tim Cook argues that it's a reflection of overall economic issues rather the iPhone losing popularity.
Apple's shipments of iPhones may drop by up to 15% because of multiple issues including the iPhone 16 not being a compelling upgrade, according to analyst Ming-Chi Kuo.
New figures from Counterpoint Research say that Apple was the number one smartphone reseller in China both in the latest Q4 2023 figures, and across the whole of 2023.
IDC reports that Apple's iPhone is the best-selling smartphone in China, achieving a record high market share of 17.3% in 2023, although the market has contracted.
A limited edition AirPods Pro with a Year of the Dragon symbol engraved on the charging case has been released in China and Hong Kong — but not the US.
TD Cowen says Apple has cut its iPhone orders as all smartphone manufacturers face lower demand in China for the first calendar quarter of 2024, but it's ignoring Apple's typical January adjustments.
In a rare but not unprecedented move, Apple has cut the price of the iPhone 15 in China by 5% for a short period.
China's claim to have cracked AirDrop to get iPhone users' details has been backed up by security researchers who have been warning Apple for years.
The state-backed Beijing Institute says it can now identify individuals sharing content over AirDrop.
Apple's iPhone sales in China will probably worsen throughout 2024, according to Jefferies analysts, with a double-digit decline forecast for sales in the country.
New research says that Apple's suppliers including iPhone manufacturer Foxconn have invested $16 billion since 2018, in an increasing plan to move or reshore manufacturing away from over-reliance on China.
Apple supplier Luxshare is taking over an iPhone assembly factory from a rival manufacturer after buying a majority stake in the location.
Apple's demand for the iPhone in China continues to be strong, Wedbush analyst claims, with strong overall demand likely to help push Apple to become the first with a $4 trillion market cap in 2024.
After a few months of quiet about the subject, and an explicit denial by China regulators in September, there are new reports circulating that China's ban on the iPhone is back on — and expanding.
Wedbush continues to be impressed by Apple, raising its price target for the iPhone maker from $240 to $250, a second rise in a three-month period.
Apple is reportedly moving key engineering resources to Vietnam, which will now be involved in iPad development as well as production.
Apple is the most valuable publicly traded company in the US, and its valuation has again exceeded $3 trillion, even as financial analysts have been concerned about sales for the iPhone 15 range.
Apple supplier Foxconn is struggling to get its factories in India to operate efficiently, with employees citing language barriers, culture clashes, and difficulty adapting to strenuous schedules.
Figures for November 11's Singles Day in China show that sales of the iPhone dropped 4% year over year — while Huawei smartphones grew 66% in the same period.
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