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.
As hype continues to build around upcoming virtual reality and augmented reality products, one Wall Street analyst doesn't think Apple will sit on the sidelines, potentially acquiring companies and working behind the scenes on its own offerings throughout 2016.
Concerns over iPhone 6s sales continue to grow on Wall Street, as FBR & Co. became the latest firm to revise its estimates downward, calling on Apple to sell 75.5 million total iPhones in the current December quarter and cutting its price target to $150.
Sales of the Apple Watch have continued to grow since its launch in April, and one analyst believes total sales of its wearable device could double this holiday alone, moving 6 million units in the lucrative three-month shopping period.
While the iPad lineup has continued to shrink to a smaller portion of Apple's total business, this week's launch of the iPad Pro could reverse that trend, one analyst believes, predicting total iPad sales will account for 15 percent of the company's revenue in 2016.
Less than four months after it launched, Apple Music already has 6.5 million paid subscribers, or nearly a third of the 20 million who pay for Spotify, a service that has been around since 2008, investment firm FBR & Co. said on Tuesday.
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.
Investors would be wise to take advantage of recent losses in Apple's share price, FBR Capital Markets said on Thursday, predicting that another major growth cycle is on the horizon for the iPhone maker.
Apple's launched the iPhone 13 Pro and iPhone Pro Max with ProMotion, camera improvements, and a 1TB option, but is it enough to spur an upgrade from a user with an iPhone 12 Pro or iPhone 12 Pro Max? We compare the figures.
After successfully launching iOS 15 earlier this week, Apple is out with the first betas of iOS 15.1. We take you hands on with the new features expected to launch with these new updates later this fall.
Recent struggles for Apple stock are based on unfounded fears out of China, FBR Capital Markets said on Tuesday, telling investors it believes the "speed bump" will be over soon as strong iPhone sales continue.