Longtime Apple analyst Gene Munster on Wednesday issued predictions on the 2019 tech stock landscape, saying Apple will outperform its fellow FAANG (Facebook, Amazon, Apple, Netflix and Google) investment options on the back of a growing services business and consumer-minded company ethos.
Apple's hardware designs, software, icons, marketing, retail strategy, and branding have all been closely copied by its rivals. One thing they aren't copying is Apple's vast, premium installed base of loyal buyers. That's the primary foundation of Apple's wildly successful, global business that's uniquely selling massive volumes of luxury-class, premium-priced products in markets where competitors fight over sales of low-priced commodity units with thin margins. Why can't anyone else achieve what Apple has?
Another Wall Street firm has reduced its target for Apple's stock price, with Jeffries continuing a downward trend displayed by analysts in the last few weeks, but at the same time continues to support the idea that the Services arm will become a more important part of the company's finances in the future.
The continuing growth of Apple's Services arm won't last forever, warns Macquarie Research, advising investors of the possibility that revenue growth for that aspect of Apple's business could dip in 2019 for a variety of reasons.
News broke on Monday about a ban on iPhone imports and sales in China — and as you'd expect, a chorus of analysts freaked out about it immediately. Here's why they're wrong, and that the ruling isn't anything more than a negotiating tool by Qualcomm.
TSMC and Foxconn, two of Apple's major iPhone production partners, have reported street-beating revenue for November, casting some doubt on supply chain reports suggesting component suppliers are struggling following iPhone production cuts.
The recent trend of analysts and investment firms cutting their share price targets for Apple has continued, with Citi cutting its expectations for Apple's stock to $200 and suggesting the price could drop further in the future, as low as $125.
Analysts from Morgan Stanley are the latest to cut their price target for Apple stock, with longer smartphone replacement cycles in China apparently to blame.
The smartphone market may be in decline, which, coupled with allegedly weak iPhone XR demand and more users looking at older iPhone models, is forcing UBS to cut its estimate for Apple's stock price.
Analysts have started looking at the iPad Pro, and iPhone sales beyond the holiday quarter for reasons to cut Apple stock target price estimates, with a historically bearish one dramatically scaling back his target price.
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.
Across the last 20 years, Apple has shifted from selling Macs in a world dominated by Windows PCs to being a dominant global brand that services a vast installed base that's more valuable, influential, and lucrative than Windows was at its peak. Apple wants its investors to understand that, and is now challenging the media narrative that suggests it running an unsustainable race against various manufacturers churning out ever-increasing volumes of hardware units.
Microsoft passed Apple as the world's most valuable company with a market capitalization of $851 billion at the end of trading on Friday, retaking a position it last held more than eight years ago.
The Trump administration's threat of more China tariffs could significantly raise the price of iPhones for consumers, with the iPhone XS family potentially costing between $60 and $160 more if Apple passes the extra cost on to its customers.
Sales of the iPhone XR picked up in China during the country's "Singles Day" retail event, Jun Zhang from Rosenblatt Securities claims, but the boost isn't enough to prevent the analyst from further reducing its production estimates for iPhones over the next two quarters.
Foxconn is circulating a memo internally that says that it will be implementing a series of cost-cutting moves soon, to combat the effects of what it sees as being an difficult year for the company to continue to grow.
After only restarting coverage on Apple stock in early 2018, Goldman Sachs has cut its stock price forecast dramatically, because of perceived lack of demand for the iPhone XR, and lack of enthusiasm for Apple products in China.
Apple's suppliers are said to be struggling from allegedly weaker demand for new iPhones, a report claims, with Apple accused of having trouble determining interest in the market, despite demonstrating the opposite in its quarterly results forecast.
This week on the AppleInsider Podcast, Daniel Eran Dilger, Victor, and William mark the 200th episode talking stocks, iPad USB-C, Qualcomm engineers, Neil stops by, and we even give away some software.
Investors are overreacting to changes in the iPhone supply chain and manufacturing reports, Morgan Stanley suggests, with the company's continued Services growth highlighted as the better avenue for revenue increases than its hardware sales.
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Mikey Campbell
Daniel Eran Dilger
Malcolm Owen
Mike Wuerthele
Victor Marks
