Preorders for the iPhone XR are better than the equivalents for the iPhone XS and iPhone XS Max, according to Rosenblatt Securities' Jun Zhang, but that hasn't stopped the analyst from reducing expectations for the value-oriented iPhone release.
The iPhone XR will fare far better than the iPhone 8 and iPhone 8 Plus in terms of shipments, Robert Cihra of Guggenheim Securities predicts, but while the low cost could hurt the overall iPhone average selling price, the release will probably help drive demand and fourth quarter revenue.
Media personalities have been bending over backward to find a way to square the claims made by Bloomberg in its "China Hack" story with a series of strongly worded denials from Amazon and Apple insisting that the report was "wrong and misinformed." However, there is solid evidence that Bloomberg has previously published a series of false claims before, either from a lack of research coupled with bad perspective, or possibly to simply craft a dramatic narrative.
Billionaire David Einhorn's Greenlight Capital has disposed of all of its shares in Apple, due to fearing the potential retaliation from China against U.S. trade tariffs affecting imports, by imposing restrictions and other measures that could affect the iPhone producer in the country.
Samsung advises it will be reporting record operating profits in its upcoming quarterly results, but while seemingly a return to form for the South Korean giant, its earnings boost is partly due to supplying Apple OLED displays for the iPhone XS range.
Apple on Tuesday announced plans to report quarterly earnings for the fourth quarter of 2018 at the end of trading on Nov. 1, when company executives could reveal an initial glimpse at iPhone XS and XS Max sales performance.
Investment bank JP Morgan on Thursday initiated coverage on shares of Apple with an "Overweight" rating and $272 price target, saying it sees "considerable upside" for the company based on its leadership position in the smartphone market and the services it uses to amplify those revenues.
Benjamin Schachter of Macquarie Research expects that the Supreme Court's verdict on a long-running suit over developer's fees in the App Store will be heard soon, but the ruling won't come down until early 2019, and any possible financial impact is at least a year away.
The day after Apple unveiled three new, pricey iPhones and a new Apple Watch, the move even further towards the premium segment was a focus of several analyst reports, with them all saying that Apple's earnings will hit new heights both from increased sales volume, and a higher average selling price per device.
Analysts at Goldman Sachs are taking an "opportunity to eat our hat" on earlier caution about Apple's financial prospects, based on not just what the iPhone X has done, but what they expect the iPhones expected to be announced at the "Gather round" event will do.
The National Legal and Policy Center (NLPC), a Virginia-based conservative pressure group, plans to introduce a shareholder proposal for Apple to "review its policies related to human rights" in China.