Apple is likely to report a June quarter that lines up with current Wall Street predictions despite macro challenges, thanks to healthy iPhone and Mac demand, investment bank Cowen says.
Apple is expected to report stable March quarter results that are in line with Wall Street consensus thanks to improving supply conditions, according to investment bank Cowen.
Investment bank Cowen has raised its price target to $200, from $180, following Apple's record-shattering December quarter earnings results.
App Store privacy changes are driving advertising money elsewhere, but investment bank Cowen believes that the trend doesn't have any immediate risks and may only have a modest impact on Services growth.
Data from the supply chain indicates that iPhone build numbers will increase through the end of 2021, while Android builds are likely to not increase at all, according to Cowen.
Cowen and Company has raised its Apple stock price target to $180 and has revised its Apple estimates upwards across the board after the company's Q2 2021 earnings beat.
Investment bank Cowen believes Apple News+ is a key pillar in growing Apple Services, and forecasts that it could reach 19 million paid subscribers by 2023.
Apple's portfolio of existing technologies could make its "Apple Car" a formidable competitor in the electric vehicle market, investment bank Cowen says.
Investment bank Cowen is tracking even stronger demand for the iPhone 12 lineup and predicts Apple could have a blockbuster holiday quarter with nearly 80 million iPhones produced.
Cowen expects Apple to report September quarter earnings in line with Wall Street consensus, but adds that the iPhone 12 and holiday seasonality could bolster the following quarter.
Investment bank Cowen forecasts that Apple's payment services, like Apple Pay, are well-positioned to take advantage of the growing fintech and retail markets.
Investment bank Cowen believes that a U.S.-caused decline in Huawei device shipments will bode well for Apple's iPhone in the global premium smartphone market.
Investment bank Cowen sees Apple's decision to delay new iOS 14 privacy features as a net positive both for consumers and the relationship between Apple and developers.
Investment bank Cowen has revised its AAPL price target to reflect continued Apple business strengths, and to incorporate the recent Apple four-for-one stock split.
Investment bank Cowen has raised its 12-month Apple price target to $530 on an uptick in its iPhone build estimate for the third quarter.
Investment bank Cowen has raised its AAPL price target to $470 on Apple's better-than-expected June quarter results and its continuing status as a "defensive" stock.
Investment bank Cowen is expecting Apple to report June quarter earnings in-line with the larger Wall Street consensus, and adds that Services and the upcoming 5G "iPhone 12" will boost the company's momentum going forward.
Cowen's iPhone build forecasts remained unchanged in July, though smartphone demand generally is continuing to improve from COVID-19 impacts as Apple shifts its focus to the "iPhone 12."
Investment bank Cowen is raising its AAPL price target to $400 based on new iPhone shipment forecasts, revised multiples and the impact of ARM Macs to Apple's bottom line.
The smartphone industry is recovering from COVID-19 production slumps, although Cowen analysts suggest smartphone demand is still uncertain and Apple's flagship iPhones could launch a month or two later than usual.
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Mike Peterson
