Apple Inc. (AAPL) has been reaffirmed with a "Buy" rating by BofA Global Research, maintaining a price objective of $265. The report highlights robust growth in Apple's App Store, with global revenue up 18% y/y and downloads increasing by 6% y/y in January. This growth is driven by a 17% y/y increase in App Store revenue in China and a notable 48% y/y rise in the Productivity app category, largely fueled by
Apple shares are experiencing a decline as the market reacts to the latest tariff announcements by the United States. President Donald Trump announced a 25% tariff on imports from Mexico and Canada, alongside a 10% tariff on Chinese goods, effective immediately. This move has sparked concerns about potential retaliatory measures from these countries, which could further strain international trade relations.
BofA Global Research maintains its "Buy" rating on Apple Inc. (AAPL) with a price objective of $265, despite the recent imposition of a 10% tariff on Chinese imports. The report suggests that the tariff's impact on Apple's earnings is manageable, estimating a potential $0.05 EPS reduction if 80% of devices are sourced outside China. If only 50% are sourced elsewhere, the EPS impact could range from ($0.12)
Apple Inc. provided a reassuring revenue forecast for the first quarter, which helped to bolster investor confidence despite a mixed earnings report for the holiday quarter. The company reported a 7.1% increase in net income for the fourth quarter, but this was overshadowed by a significant 11.1% decline in iPhone sales in China, a key market for the tech giant. CEO Tim Cook attributed the sales drop to del
Apple Inc. (AAPL) has been reiterated as a "Buy" by BofA Global Research, with a raised price objective of $265, up from $253, driven by robust growth in its Services segment and improved gross margins. The report highlights Apple's earnings resiliency and strong capital returns, with a focus on the potential of Apple Intelligence to drive future iPhone upgrades. The company's broad product portfolio, inclu
Apple Inc. managed to impress Wall Street with a better-than-expected outlook for its fiscal second quarter, despite facing challenges in its first-quarter results. The tech giant reported a 4% year-over-year increase in revenue to $124.3 billion, surpassing analyst expectations. This was largely driven by a robust performance in its services segment, which saw a 14% revenue growth, reaching an all-time hig
Apple Inc. (AAPL) has been rated "Outperform" by Wedbush, with a 12-month price target set at $325, reflecting confidence in the company's strategic direction and product cycle. The report highlights the iPhone 16's strong performance, surpassing its predecessor, the iPhone 15, and contributing to a record number of upgraders in the December quarter. Apple's active installed base reached 2.35 billion device
Apple's stock is experiencing an uptick following the company's release of its fiscal 2025 first-quarter results, which exceeded Wall Street expectations. Despite challenges in iPhone sales and a decline in revenue from Greater China, Apple's overall revenue rose 4% year-over-year to $124.3 billion, slightly surpassing analyst estimates. The tech giant's services segment was a standout performer, achieving
Citi maintains a "Buy" rating on Apple Inc. (AAPL), raising the target price to $275 from $255, driven by anticipated catalysts such as the iPhone SE4 launch in March and the iOS 18.4 update in April, which includes a significant Siri enhancement. The report highlights Apple's focus on end-to-end AI security and the recent DeepSeek breakthrough, which could lower costs and optimize AI adoption on devices. D
Apple's latest earnings report revealed mixed results, with the company posting overall revenue growth of 4% for its first fiscal quarter, yet falling short of Wall Street's expectations for iPhone sales. The tech giant reported iPhone revenue of $69.14 billion, missing the $71.03 billion estimate, marking the largest miss in two years. This shortfall was compounded by an 11.1% decline in sales in Greater C
Apple's collaboration with SpaceX and T-Mobile to integrate Starlink satellite connectivity into its iPhone software has captured significant attention. The latest iOS 18.3 update allows select T-Mobile users to connect their iPhones to Starlink satellites, enabling text messaging in areas without traditional cellular coverage. This development marks a notable expansion of Apple's satellite communication ca
Apple Inc. is facing headwinds as Oppenheimer downgraded the tech giant's stock from outperform to perform, citing concerns over weakening iPhone sales and a lack of innovation in artificial intelligence. The downgrade comes ahead of Apple's upcoming earnings report, with Oppenheimer analyst Martin Yang highlighting a weaker outlook for iPhone sales over the next 12 to 18 months. Yang pointed to increased c
Citi maintains its "Buy" rating on Apple Inc. (AAPL), setting a target price of $255, valuing the company at 30x P/E on FY2026 EPS of $8.51. The report highlights Apple's resilience amid macroeconomic challenges, with a focus on the upcoming iPhone SE4 and iOS 18.4 update, featuring a significant Siri enhancement. Despite a slight adjustment in iPhone unit forecasts for the March quarter, Citi anticipates a
Apple Inc. is undergoing a significant internal restructuring aimed at enhancing its artificial intelligence capabilities, particularly focusing on improving Siri. The company has appointed Kim Vorrath, a 37-year veteran known for her meticulous project management skills, to lead the AI team under John Giannandrea, Apple's AI chief. Vorrath's move from the AR/VR team, where she worked on the Vision Pro head
Apple Inc. (AAPL) remains a "Buy" according to BofA Global Research, despite a revised price objective of $253, down from $256, due to a weaker iPhone outlook. The report highlights Apple's earnings resiliency, with a marginal EPS impact despite a 10 million reduction in iPhone unit estimates for the year. The price target is based on a 30x multiple of the revised 2026 EPS estimate of $8.37. The report cen
Wedbush maintains its "Outperform" rating on Apple (AAPL) with a 12-month price target of $325, citing the company's robust growth prospects despite recent market concerns. The report highlights that fears surrounding Apple's performance, particularly in China, are exaggerated. Analyst Daniel Ives notes, "The panic and bear frenzy around Apple is way overdone," emphasizing that the company's strong U.S. and
Apple's stock is facing downward pressure following a downgrade from Jefferies, which shifted its rating to "underperform" from "hold" and slashed the price target to $200.75. Analyst Edison Lee cited concerns over Apple's revenue trajectory, particularly in light of an 18.2% decline in iPhone sales in China during the December quarter. This decline has been attributed to increased competition from local br
Apple Inc. (AAPL) maintains its "Buy" rating from BofA Global Research, with a price objective of $256, following a teardown analysis that highlights improved gross margins for its Pro model iPhones. The analysis reveals that the bill of materials (BOM) costs for the iPhone 16 Pro Max are 5% lower than those for the iPhone 15 Pro Max, contributing to a 320 basis point increase in gross margins. This cost re
Apple's iPhone sales have experienced a 5% decline globally in the final quarter of 2024, primarily due to increased competition from Chinese manufacturers and a delayed rollout of new artificial intelligence (AI) features in China. The company's market share for iPhones fell to 18% last year, as reported by Counterpoint Research. This decline is attributed to the rapid growth of Chinese Android device make
Apple's stock faced downward pressure on January 10th following a report from analyst Ming-Chi Kuo, who projected that iPhone shipments for 2025 would fall short of Wall Street expectations. Kuo's analysis indicated that Apple's iPhone shipments could decline by 6% year-over-year in the first half of 2025, despite the anticipated launch of the new iPhone SE4. The report highlighted concerns over Apple's mar