JP Morgan drops Apple target price over questions on when AI iPhone will launch
Investment firm JP Morgan predicts that Apple will introduce AI with the 2025 iPhone 17 Pro, and has dropped its current price target to $210 partly as a result.
Investment firm JP Morgan predicts that Apple will introduce AI with the 2025 iPhone 17 Pro, and has dropped its current price target to $210 partly as a result.
New figures from China's authorities says that iPhone sales were down one third in February 2024, much more than it dropped in the same period in 2023.
Analysts from investment firm JP Morgan reports believe that the decline in Apple's iPhone sales in China is accelerating, but Services could change that.
An analyst note suggests regulation from the EU and the $2 billion fine may put pressure on Apple's earnings per share, but its shift to AI will help keep the earnings multiple even at about 25x.
J.P. Morgan says Apple won't see much immediate impact on App Store revenue due to how its new fee structure is arranged, but regulators around are likely eyeing the solution.
Investors shouldn't be concerned about the long lead times for the Apple Vision Pro, analysts at J.P. Morgan say, and that focus should be placed on feedback from actual customers.
According to an analyst note, the PC market has seen eight consecutive quarters of year-over-year shipment decline, with Apple holding on to its approximate 9% market share.
Apple's shares have taken a big hit in 2024, with sentiment surrounding the iPhone 15 down compared to the iPhone 14 and iPhone 13 perhaps playing a part of it.
Apple has to cease sales of its latest Apple Watch models thanks to an ITC decision, but an analyst note suggests the ban will have minimal impact on revenue.
Some analysts say that Apple is continuing to see success in the PC market with growth in market share in sequential quarters, while others point to a continued worsening for the market as a whole.
Lead times for iPhone 15 models have dropped for the second week in a row, an availability tracker claims, but there is fear that the changes may indicate a weaker mix of iPhone models for 2023.
Delivery lead times are starting to improve for the iPhone 15 generation post-launch, but not quite to the levels of the iPhone 14 collection.
Investment firm JP Morgan reports that orders for the iPhone 15 Pro Max are now taking a record 50 days to fulfill on the average worldwide, though it believes initial production delays have contributed.
Apple's iPhone 15 launch held few surprises, according to multiple analysts, yet because of pricing and selected new features, it is enough to prompt upgraders to buy.
Investment firm JP Morgan believes that Apple's current problems with the Chinese government will spread, and that there are no "material upgrades" to tempt buyers in the iPhone 15 range.
Apple seems well positioned to drive higher confidence as an "earnings compounder," according to JP Morgan, which has raised its price target to $235 for the end of 2024.
New research into iPhone usage on US carriers suggests that there's recently been a preference for the iPhone 14, and even the iPhone 11 is proving to be important to Apple.
Apple is expected to deliver a "robust shareholder return" for 2023, but lower demand for hardware by consumers will see short-term hits to earnings for the June and September quarters.
Investment firm JP Morgan shares how it believes recent Apple business moves will affect the company in the coming months.
U.S. sales for the iPhone 14 continue to be strong compared to the 2022 iPhone 13, survey data suggests, with the iPhone 14 Pro Max being the country's top-seller.
{{ summary }}