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Fly News Breaks for May 20, 2019
AAPL
May 20, 2019 | 07:40 EDT
HSBC analyst Erwan Rambourg lowered his price target for Apple to $174 from $180 while maintaining a Reduce rating on the shares. Apple closed Friday down $1.08 to $189.00. China "remains an issue and we don't see it going away anytime soon," Rambourg tells investors in a research note. Further, company communication around the Services unit "cannot compensate for the reality of a shrinking core iPhone product," adds the analyst. Rambourg cites renewed China growth risk and tariffs for his decreased price target.
News For AAPL From the Last 2 Days
AAPL
Apr 24, 2024 | 06:15 EDT
Apple saw sales of its iPhones fall 19.1% in the first three months of the year, CNBC's Ryan Browne reports, citing data from Counterpoint Research. Meanwhile, Huawei saw a 69.7% surge in smartphone sales in the country during the same period, Counterpoint said. Reference Link
AAPL
Apr 24, 2024 | 05:59 EDT
AAPL
Apr 23, 2024 | 10:20 EDT
AAPL
Apr 23, 2024 | 08:56 EDT
