UBS raises AAPL target to $400 on June performance, fall iPhone launch
Better-than-expected Apple June quarter performance and a broader coronavirus recovery have led investment bank UBS to raise their AAPL price target to $400.
Timothy Arcuri
Mike Peterson
iPhone build numbers still greater than 2019, despite coronavirus
Timothy Arcuri from UBS is seeing some short-term struggles for Apple and the iPhone between production problems and temporary demand decreases, but sees restoration of iPhone production and sales in 2020.
Mike Wuerthele
UBS cuts AAPL target price by $15 over low iPhone XR demand, component order cuts
UBS has cut its price target for Apple by $15 to $225 after revising its estimates, citing reported supply chain cuts and potentially tough market conditions for iPhone XR forecasts caused by the dollar appreciating against currencies in other key markets.
Malcolm Owen
Drama in Apple's quarterly earnings expected from 'iPhone 8' launch guidance, not actual results
After the close of business on Tuesday, Apple will report the results for what is seasonally its slowest quarter of the year, with Apple and industry watchers predicting around $44 billion in revenue. But all eyes are on Apple's guidance for the fourth fiscal quarter, to see how confident the company is about the "iPhone 8" launch.
Apple forecast to sell 41.5M iPhones in solid June quarter
Investors expect iPhone sales will return to growth in the current June quarter, moving up slightly from the same period a year ago, as the world waits for an anticipated "iPhone 8" this fall.
Neil Hughes
'iPhone 8' production problems force late shipments, but little impact on Apple stock, analyst says
If the so-called "iPhone 8" does not ship by the end of the third quarter, pent-up demand will only increase the subsequent holiday quarter's sales, rather than hurting Apple, one analyst believes.
Wall Street dismisses Apple's March quarter as minor speed bump, price targets raised at UBS & Cowen
Apple's second fiscal quarter of 2017 was largely a mixed bag, in the eyes of investors, who saw some positives but were also disappointed by some results. Analysts reacting to the quarterly results were largely indifferent on the short term, remaining focused on growth of the company's Services business and an anticipated "iPhone 8" super-cycle.
Rumor: Integrating Touch ID into 'iPhone 8' display remains Apple's 'biggest bottleneck'
Apple is expected to introduce a number of new technologies in this year's anticipated flagship "iPhone 8," but it is the efforts to integrate the Touch ID fingerprint sensor into the handset's display that are apparently causing the company the most trouble.
Citing 'powder keg' with coming 'iPhone 8,' Cowen sees shares of Apple reaching $155
Estimates for Apple on Wall Street remain "way too low," in the eyes of analyst Timothy Arcuri, who believes that the combination of a new iPhone form factor with an aging install base could create a "powder keg" for shares of the company.
Blair MacGregor
