Barclays lowers AAPL target to $115 on overall problems in smartphone demand

While maintaining an "overweight" rating, a Barclays analyst reduced the firm's price target for Apple stock from $121 to $115 on Friday, citing soft demand for smartphones along with expectations that Apple won't rise above the fray.

Roger Fingas 9 years ago 9

Wall Street expects Apple shipped 40M iPhones in June quarter, down from 47.5M a year ago

As investors await this fall's anticipated "iPhone 7" launch, sales for the current-flagship iPhone 6s series are expected to continue to lag behind last year, with Wall Street estimates pegged at about 40 million units for the just-concluded June quarter.

Neil Hughes 9 years ago 6

Two-thirds of US iPhone owners have a 2+ year old device, are prime for upgrades

If the typical two-year upgrade cycle holds steady, Apple could be in line for a major "iPhone 7" product cycle, with a majority of existing iPhone users due for a new handset, according to a new survey.

Neil Hughes 9 years ago 57

iPhone 6s resale values remain strong ahead of Apple's expected 'iPhone 7' launch

With Apple expected to launch its next-generation iPhone in just a matter of months, a new analysis of the secondary iPhone 6s market has found that the flagship handset sells used for 78 percent of its new price, outperforming the iPhone 6 at the same period.

Neil Hughes 9 years ago 8

Apple Q3 likely to disappoint in wake of Brexit, slower iPhone upgrade cycles, analyst says

Apple's stock price is down over 1 percent in Tuesday trading in the wake of a Citigroup investor memo, calling for the company's sales to slide below Wall Street predictions when it announces third-quarter results on July 26.

Roger Fingas 9 years ago 33

Apple's iPhone install base features growing 'powder keg' ripe for upgrades, Cowen says

As Apple's iPhone install base continues to grow, so too do the number of customers who are likely to upgrade to a new handset, representing what one investment firm has dubbed a "powder keg" that could propel shares of AAPL higher.

Neil Hughes 9 years ago 41

Apple to reveal fiscal Q3 2016 earnings on July 26

Apple on Monday announced plans to release a quarterly earnings report for the third fiscal quarter of 2016 on July 26, which is to be detailed in a following investors conference call.

AppleInsider Staff 9 years ago 12

How the UK's Brexit vote to leave Europe affects Apple

Yesterday's referendum on the United Kingdom exiting the European Union was widely expected to fail, but instead surprised markets globally by narrowly passing. The Euro and British Pound both subsequently dropped significantly, and markets worldwide recoiled in shock. Here's a look at how will this affect Apple going forward.

Daniel Eran Dilger 9 years ago 314

Apple working to reduce excess inventory ahead of 'iPhone 7,' Brean Capital says

iPhone shipments in the coming quarters could be lower than Wall Street expects, as Apple works to reduce excess channel inventory ahead of the anticipated "iPhone 7" launch, in what could be the last painful quarter before over a year of growth, according to Brean Capital.

David Silverberg 9 years ago 5

Beijing patent ruling unlikely to hurt Apple in China, RBC & Piper Jaffray say

A new patent decision accusing Apple of copying the design of a Chinese-made smartphone will not have a negative effect on Apple's revenue or margins in China, two major investment firms said on Friday.

Neil Hughes 9 years ago 14

JP Morgan downgrades Apple stock expectations on negative macro trends, Apple Watch forecast

For all the new software platform features Apple announced this week at WWDC, including a glimpse at future iOS product capabilities and internet services enhancements, JP Morgan remains cool to the company's stock prospects for 2016.

David Silverberg 9 years ago 24

Credit Suisse predicts Apple stock 'super cycle' on strength of all-glass 2017 iPhone

Analysts on Wall Street are increasingly expecting an incremental iPhone hardware update this year, which has led some to turn their sights to a rumored 2017 handset revamp in hopes of pushing Apple stock to new heights.

David Silverberg 9 years ago 11

Apple's Taiwanese bonds come in higher than expected at $1.38B

Apple actually did nearly 40 better than anticipated in its first Taiwanese bond sale, raising $1.38 billion, a report indicated on Wednesday.

Roger Fingas 9 years ago 4

Apple stock currently has limited potential downside for investors, UBS says

Barring a complete meltdown of its iPhone business, shares of Apple stock have limited potential downside at their current trading price, investment firm UBS said on Tuesday.

Neil Hughes 9 years ago 10

Apple reportedly raises up to $1.2B in first Taiwanese bond

As rumored last week, Apple on Monday reportedly completed a U.S. dollar denominated bond issuance in Taiwan estimated to have raised up to $1.2 billion.

AppleInsider Staff 10 years ago 4

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