UBS cuts Apple target over potential smartphone market slowdown, iPhone XR sales

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.

Malcolm Owen 7 years ago 8

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 7 years ago 32

High iPhone ASPs, massive holiday quarter sales predicted ahead of Apple quarterly results release

Apple's quarterly results report arriving on Thursday should encourage a great December quarter, both Loup Ventures and UBS suggest, with the average selling price of iPhones anticipated to grow for the important holiday shopping period.

Malcolm Owen 7 years ago 4

Apple expected to maintain high iPhone ASP with 2018 releases

The next iPhone line will probably consist of three models, including two OLED variants and an entry level version with an LCD screen, leading to "flattish" average selling price for the fiscal year 2019, according to a new analyst report.

Stephen Silver 8 years ago 12

Wall Street expects Apple to report best quarter ever, but all eyes will be on March guidance

Recent reports on iPhone X demand and alleged production cuts have caused concern on Wall Street, where investors eagerly await Apple's March quarter guidance from its latest earnings report. AppleInsider gives you a rundown of what to expect.

Neil Hughes 8 years ago 32

Wall Street expects Apple's 'iPhone 8' to launch as soon as September based on quarterly guidance

Apple's forecast for its next fiscal quarter was particularly strong, leading market watchers to believe that, in addition to the next-gen "iPhone 7s," the much anticipated "iPhone 8" could be on sale at the tail end of the September quarter in limited quantities, or at the very least in early October.

Neil Hughes 8 years ago 5

UBS sees $900 'iPhone 8' growing Apple's sales by 15%

Apple's flagship OLED "iPhone 8" could help push shares of the company as high as $170, investment firm UBS believes, issuing a note to investors on Tuesday saying that 2018 earnings per share will likely exceed market consensus expectations.

Neil Hughes 8 years ago 7

UBS increases Apple price target to $170, sees 'iPhone 8' commanding premium pricing

In anticipation of a pricey flagship iPhone later this year, investment firm UBS increased its price target for AAPL stock on Monday, advising investors to buy in before the launch of the highly anticipated "iPhone 8."

Neil Hughes 9 years ago 9

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.

Neil Hughes 9 years ago 13

Despite China weakness, Apple's 'aspirational' brand remains strong globally — report

A new analyst report sees Apple outperforming an expanding premiums smartphone market, with the company garnering its highest market share in four years in the US, Japan, and Europe.

Mike Wuerthele 9 years ago 0

Calling augmented reality 'the next major innovation from Apple,' UBS raises price target to $151

Expectations are growing that augmented reality could play a key role in Apple's "iPhone 8" and beyond, prompting investment firm UBS to increase its price target for shares of the company on Tuesday.

Neil Hughes 9 years ago 12

As investors overlook Apple's Services business, stock price declared 10% too low

Apple's Services earnings aren't being considered strongly enough by investors, one analyst believes, arguing that if the business was properly weighted, the stock company's stock would be at least 10 percent higher than it currently sits.

Mike Wuerthele 9 years ago 7

Earnings preview: Wall Street expects record $77.4B revenue in Apple's best quarter in history

After a period of declining sales, Apple is expected to have returned to growth in the holiday 2016 shopping season, riding high on the popularity of the new iPhone 7 series.

Neil Hughes 9 years ago 25

Survey suggests iPhone 7 more popular than Apple's 6s, not as big as 6

Apple's newly released iPhone 7 lineup is poised to outperform its predecessor, the iPhone 6s, a new survey suggests. But outdoing the blockbuster performance of the iPhone 6 series remains a tall order.

Neil Hughes 9 years ago 10

Apple's iPhone 7 predicted to spur 8% growth, 2017 redesign seen causing 16% sales spike

After the iPhone 6s series saw the first-ever year-over-year decline in iPhone sales, things are expected to be back on the rise for Apple leading into next year with the iPhone 7, and carrying into 2018 with an anticipated redesign, according to investment firm UBS.

Neil Hughes 9 years ago 16

Load More