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Fly News Breaks for November 30, 2017
AAPL
Nov 30, 2017 | 07:53 EDT
Morgan Stanley analyst Katy Huberty responded to recent shipment data indicating that Apple's iPhone appears to be losing share in China, contending that Apple actually leads in share of the active smartphone user base there. The reasons for the divergence include the fact that Chinese vendors have been building meaningful channel inventory of inactivated smartphones and Chinese-branded smartphones have a shorter replacement cycle than the iPhone, she explains. Active market share, where Apple has gained ground, is a more accurate indicator of strength and potential upgrade demand, says Huberty, who thinks the iPhone's best days in China are still ahead. She maintains an Overweight rating and $200 price target on Apple shares.
News For AAPL From the Last 2 Days
AAPL
Sep 29, 2022 | 15:49 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. TWITTER VS... To see the rest of the story go to thefly.com. See Story Here
AAPL
Sep 29, 2022 | 07:09 EDT
BofA analyst Wamsi Mohan downgraded Apple to Neutral from Buy with a price target of $160, down from $185, noting that shares have outperformed significantly year-to-date as the stock has been perceived as a "relative safe haven." However, he sees risk to this type of outperformance continuing over the next year given that Mohan expects material negative estimate revisions to be driven by weaker consumer demand, first for services followed by products. His FY23 revenue and EPS estimates of $379B and $5.87 are "significantly" below consensus, though he also notes that the FY23 EPS consensus has only compressed from its peak by a small amount.
AAPL
Sep 29, 2022 | 06:34 EDT
Rosenblatt analyst Barton Crockett upgraded Apple to Buy from Neutral with a price target of $189, up from $160. His survey of over 1,100 U.S. adults was constructive and shows "substantial interest" in the company's new iPhone 14 Pro Max and Ultra watch, Crockett tells investors. He believes that consumers in other countries share this enthusiasm, prompting him "to embrace more constructive near-term and long-term estimates," he added.
AAPL
Sep 29, 2022 | 06:17 EDT
KeyBanc analyst Brandon Nispel notes that according to Bloomberg, Apple has pulled back on iPhone production increase "as demand falters." The article goes on to cite continuation of higher end models such as iPhone 14 Pro selling better than low-end models such as iPhone 14 and 14 Plus. The analyst views this as negative for Apple, but believes it is neutral to consensus expectations and would take advantage by buying on the pullback. His proprietary KFL data suggests Hardware revenue for Apple continues to be strong. Nispel has also seen data that shows, despite some weakness in smartphone shipments in China, Apple market share continues to be strong and is likely improving.
AAPL
Sep 29, 2022 | 06:03 EDT
BofA analyst Wamsi Mohan downgraded Apple to Neutral from Buy with a $160 price target.
AAPL
Sep 28, 2022 | 16:37 EDT
IT Hardware & Electric Vehicles Analyst Sacconaghi discusses Apple and where the company is heading on an Analyst/Industry conference call to be held on October 3 at 11 am. Webcast Link
AAPL
Sep 28, 2022 | 12:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
AAPL
Sep 28, 2022 | 10:42 EDT
Evercore ISI analyst Amit Daryanani noted that Bloomberg reported Apple has told suppliers to pull back on efforts to increase iPhone 14 production by as many as 6M units, but he wonders if this is "fake news" and would "always take supply chain articles" regarding Apple "with a grain of salt." He thinks units are stable, but that the mix is skewing toward the higher end, and suspects that Apple is trying to shift its production mix toward the higher-end Pro and Pro Max models where demand is stronger, Daryanani tells investors. He sticks with his call for second half upside for Apple due to a lift in average selling prices, not units, and keeps an Outperform rating and $190 price target on the shares.
AAPL
Sep 28, 2022 | 09:40 EDT
Unusual total active option classes on open include: Nano X Imaging (NNOX), Biogen (BIIB), Ocugen (OCGN), iShares Barclays 1 to 3 Year Treasury Bond Fund (SHY), ProShares Short S&P 500 (SH), Eli Lilly (LLY), Cassava Sciences (SAVA), Li Auto (LI), Apple (AAPL), and Direxion S&P Biotech Bull 3X (LABU).
AAPL
Sep 28, 2022 | 09:08 EDT
Square (SQ) launched Tap to Pay on iPhone (AAPL) to its millions of sellers across the U.S. Available within the Square Point of Sale iOS app, Tap to Pay on iPhone lets sellers of all sizes accept contactless payments directly from their iPhone, with no additional hardware required and at no additional cost to the seller.
AAPL
Sep 28, 2022 | 09:02 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Biogen... To see the rest of the story go to thefly.com. See Story Here
AAPL
Sep 28, 2022 | 06:40 EDT
After Bloomberg said that Apple no longer plans to increase production of its new iPhone 14 models "after an anticipated surge in demand failed to materialize," Morgan Stanley analyst Erik Woodring called headlines from the report "more bark than bite," telling investors that the reporting does not imply any downside to his iPhone shipment forecasts of 51M units in the September quarter and 84.5M units in the December quarter. Woodring adds that it is still early in the cycle and "the next 3-5 weeks will remain critical" in determining the strength of the iPhone 14 cycle as the supply chain gets more demand feedback from the early post-launch period. Woodring keeps an Overweight rating and $180 price target on Apple shares, which are down $5.15, or 3%, to $146.61 in early pre-market trading.
AAPL
Sep 28, 2022 | 05:42 EDT
Apple has told suppliers to back off from efforts to increase supply of iPhone 14 models by about 6M units in the second half of the year, and the company is now aiming to produce 90M units for the period, on par with 2021, Bloomberg's Debby Wu and Takashi Mochizuki report. According to people familiar with the matter, Apple is pulling back from plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize. Demand for higher-priced iPhone 14 Pro models is stronger than for the entry-level versions, according to some of the people, adding that at least one Apple supplier is shifting production capacity from lower-priced iPhones to premium models. Reference Link