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3 Reasons Citi Thinks Apple Is Under Pressure
Tuesday, May 17, 2016 - 7:38am | 235Read More...Apple Inc. (NASDAQ: AAPL) shares have been under pressure due to the expected decline in iPhone unit growth and gross margin, especially against the backdrop of decelerating smartphone growth, particularly in the premium priced smartphone segment, Citi analysts said. Apple guided to margins of...
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Goldman Sachs: 3 Reasons Apple Is Struggling In China
Tuesday, May 17, 2016 - 6:42am | 309Read More...Goldman Sachs, in a note released Tuesday, outlines what it believes is the cause behind Apple Inc. (NASDAQ: AAPL)'s downfall in China. Tourism from China to Hong Kong is down 15 percent in Q1. iPhone sales in Hong Kong are highly correlated with Chinese tourism to the city....
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Apple's iPhone 7 Cycle Is Looking Very Familiar
Monday, May 16, 2016 - 10:22am | 365Read More...CLSA’s Avi Silver believes the sentiment toward Apple Inc. (NASDAQ: AAPL)'s iPhone 7 cycle is “strikingly similar” to the transition period between the iPhone 5 and iPhone 5S. Silver maintained a Buy rating on the company, with a $115 price target. Reminiscent Of iPhone...
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Concerns About iPhone Production Cuts Likely Already Priced Into Suppliers
Friday, May 13, 2016 - 4:28pm | 355Read More...The Apple Inc. (NASDAQ: AAPL) iPhone 7 cycle may end up being softer than investors had hoped, and potential production cuts would certainly be bad news for iPhone suppliers. However, according to Pacific Crest analyst John Vinh, fears surrounding further production cuts are already priced into...
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How Much Trouble Is Apple In?
Friday, May 13, 2016 - 9:45am | 284Read More...It wasn't supposed to play out this way. Wall Street analysts were once calling for Apple Inc. (NASDAQ: AAPL)'s valuation to top $1 trillion. As of Thursday's market close, shares of Apple need to nearly double to reach this lofty valuation. Is Apple In Trouble? According to CNBC's Phil Han, Apple...
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Analysts At Baird, UBS Debate Apple's Stock
Monday, May 9, 2016 - 2:56pm | 278Read More...Will Power of Baird and Steven Milunovich of UBS were both guests on CNBC to talk about Apple Inc. (NASDAQ: AAPL)'s stock. According to Power, Wall Street's consensus estimates on Apple's earnings heading into fiscal 2017 are "too high" as the Street's expectations for...
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This Fund Manager Has No Desire To Lower Its Apple Holdings
Monday, May 9, 2016 - 2:01pm | 232Read More...Dan Morgan of Synovus Trust was a guest on CNBC's "Squawk On The Street" segment Monday to talk about his fund's stake in Apple Inc. (NASDAQ: AAPL). Morgan said his fund has been a shareholder in Apple since 2004 at an approximate cost basis of $5 per share. He added that despite the stock hitting...
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Gene Munster Talks Apple's Future On Benzinga's PreMarket Prep
Wednesday, April 27, 2016 - 2:04pm | 402Read More...Gene Munster of Piper Jaffray was a special guest on Benzinga's PreMarket Prep show on Wednesday to help dissect Apple Inc. (NASDAQ: AAPL)'s second-quarter results and outlook. Jumping right into it, Munster described Apple's guidance as "disappointing" due to what the analyst believes to be an...
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Maxim Trims Apple Estimate, Keeps Target Above $150/Share
Wednesday, April 27, 2016 - 1:25pm | 351Read More...Maxim's Nehal Chokshi trimmed Apple Inc. (NASDAQ: AAPL)'s estimates, citing the likelihood of another revenue miss from the company before the iPhone 7 cycle kicks in. Chokshi cut his June quarter EPS estimate by 22 percent to $1.33 (consensus was $1.76) and FY16 EPS view by 8 percent to $8.05 (...
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Citi On Apple: Despite Near-Term Pressure, iPhone 7 Should Be The Focus
Wednesday, April 27, 2016 - 11:33am | 308Read More...The market digested lukewarm results from Apple Inc. (NASDAQ: AAPL) that showed first year-over-year sales decline for the tech behemoth since 2003. However, Jim Suva of Citi is positive on the iPhone maker saying investors should focus on the iPhone 7 launch in September. Suva maintained his...
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Hargreaves: Apple Guidance Isn't As Bad As It Looks
Wednesday, April 27, 2016 - 11:15am | 281Read More...Pacific Crest’s Andy Hargreaves believes Apple Inc. (NASDAQ: AAPL)'s FQ3 guidance “is not as bad as it first appears,” and that the iPhone would once again see unit growth in FY17, which in turn would drive profit growth. Hargreaves maintained an Overweight rating on the...
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The Semiconductor Food Chain: How Does Slowing iPhone Growth Impact The Chip Industry?
Wednesday, April 27, 2016 - 9:26am | 506Read More...It is a no-brainer that Apple Inc. (NASDAQ: AAPL) played a major role in displacing the PC as the main driver of the semiconductor industry with the iPhone smartphone. However, the key question investors are asking following Apple's quarterly results is what the impact will be to the semiconductor...
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Apple Has Been Playing Smartphone Catch-Up Since 2010
Wednesday, April 27, 2016 - 8:46am | 253Read More...Dan Collins of CCO Global was a guest on CNBC early Wednesday morning to discuss Apple Inc. (NASDAQ: AAPL)'s quarterly report, with a focus on iPhone sales. Collins stated that Apple was at the "forefront" in 2007, but that has drastically changed as the company reported its first ever decline in...
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Daryanani: Repatriation Talk Could Drive Apple Higher
Tuesday, April 26, 2016 - 3:26pm | 277Read More...Apple Inc. (NASDAQ: AAPL) stock could gain if it talks about repatriating its billions of dollars in offshore funds, RBC Capital Markets' Amit Daryanani told CNBC ahead of earnings. "The expectation today is about a 10 percent uptick in capital allocation as you go into the call. If it...
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iPhone 7 Rumor: New Device Might Be Waterproof And Ditch Home Button
Monday, April 25, 2016 - 1:29pm | 246Read More...Apple Insider reported on Monday the latest iPhone 7 rumors. According to the popular blog, Apple Inc. (NASDAQ: AAPL) will be making several changes to the upcoming iPhone 7, which is believed to have finished the third testing phase. Apple Insider, citing reports from DigiTimes and Storm.mg...
