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Topic: HSBC

Apple services & Apple Card 'too late to the game,' HSBC downgrades stock

04/10/2019, 07:04 am

Apple's launches of its streaming video service Apple TV+ and other additions to the company's Services business won't offer as much of a gain as investors think, according to HSBC, with the iPhone maker arriving "too late" to make a major impact in any of the industries it is entering with its new offerings.

83 comments

Apple Card may reap $1.5 billion, be in top 10 card issuers by 2024

04/04/2019, 03:04 pm

Apple Card may reap $1.5 billion in revenue and be in top 10 card issuers by 2024, resulting in a windfall not just for Goldman Sachs, but for the iPhone manufacturer as well, an HSBC analyst said in a Thursday memo.

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HSBC again slashing AAPL target, based on continued iPhone and China woes

01/10/2019, 11:01 am

HSBC has joined the ranks of analysts and investors who have lowered their expectations for Apple after the company's revenue warning, with the firm seeing issues both with the iPhone's average selling price and how the company is handling multiple issues in China.

15 comments

Apple falls 2% as HSBC joins chorus of banks downgrading shares on iPhone saturation fears

12/04/2018, 09:12 am

A dependance on the iPhone for the majority of its revenue and a saturation of the smartphone market has contributed to a downgrade of Apple's shares from HSBC, which shifted Apple down from a "Buy" grade to "Hold" and a reduced 12-month target price from $205 to $200.

27 comments

HSBC expands Apple Pay functionality to Singapore, offers incentive to users

12/01/2016, 09:12 am

Adding to a day of expansion, HSBC has announced that cardholders in Singapore can begin using the Apple Pay mobile payment service effective Thursday.

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Apple Pay gains support for 75 more US banks, including HSBC

10/20/2015, 01:10 pm

Apple on Tuesday added 75 more U.S. financial institutions to the list supporting Apple Pay, most notably HSBC, which until now was only supported in its U.K. homeland.

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UK banks HSBC, First Direct go live with promised Apple Pay support

07/28/2015, 09:07 am

U.K. bank HSBC and its First Direct brand enabled support for Apple Pay on Tuesday, delivering on an earlier promise and filling in an important coverage gap in the region.

8 comments