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☆ Analysts stand by Apple, say iPhone maker's 'flywheel keeps spinning' despite disappointing earnings
  + stars: | 2023-02-03 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
Analysts aren't giving up on Apple despite the tech giant's near-term headwinds. Sales for the holiday-quarter were also 5% lower over last year, representing the company's first year-over-year decline since 2019. "Despite near-term macro and supply headwinds, the Apple flywheel keeps spinning," said Morgan Stanley's Erik Woodring, who retained his price target and overweight rating. AAPL 5D mountain Apple falls after disappointing earnings But Apple isn't out of the macro woods just yet, according to some analysts. "On the other, numbers are being reset, and investors may begin to look forward to a better 2024, akin to 2019, when Apple last saw revenues decline."
☆ Apple set to post rare revenue drop as focus shifts to demand rebound
  + stars: | 2023-02-01 | by ( Nivedita Balu Akash Sriram | Nivedita Balu | Akash Sriram | ) www.reuters.com   time to read: +3 min
The world's biggest public company is expected to report on Thursday that iPhone sales fell about 5% for the all-important holiday quarter, according to Refinitiv. The last time iPhone sales slipped was in the August-October period in 2020, months into the COVID-19 pandemic. Greater China, including Hong Kong, is key to Apple's fortunes, contributing roughly a fifth to annual revenue. FUNDAMENTALS** Revenue estimated to have fallen 2% in the last three months of 2022, Apple's first fiscal quarter. ** IPhone sales likely fell for first time since 2020, while services business rose 6%.
☆ China's reopening isn't going to be a tailwind for Apple, says BofA's Wamsi Mohan
  + stars: | 2023-01-27 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's reopening isn't going to be a tailwind for Apple, says BofA's Wamsi MohanWamsi Mohan, Bank of America analyst, joins 'Closing Bell' to discuss Apple ahead of its earnings report next week.
☆ Analysts stumped by Apple's unusual supply warning, see 4th quarter estimates at risk
  + stars: | 2022-11-07 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Apple 's latest factory troubles mean downside ahead to estimates for the technology giant's December quarter, analysts say. The company also warned of fewer units shipped and longer wait times for customers. The statement has led to concerns that the company may sell fewer units in the December quarter or struggle to make enough to satisfy demand. While the disruption pushes lead times out by a week, they could extend even further, JPMorgan's Samik Chatterjee said in a note to clients Monday. Bank of America's Wamsi Mohan trimmed Apple estimates for the December quarter and cut his price target on the stock to $154 from $160 a share.
☆ Analysts view Apple as a 'safe haven' and 'bright spot' in tech following another strong quarter
  + stars: | 2022-10-28 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Apple 's quarterly results proved to analysts that the iPhone maker's stock is the place to hide when a recession hits. Wells Fargo's Aaron Rakers called Apple the "bright spot amid mega-cap carnage" in a note to clients Thursday as the company shared "better-than-feared" results even in this troublesome macro environment. Credit Suisse's Shannon Cross said the stock is a "safe haven" and "relatively safe port in the storm" in a note to clients Thursday. JPMorgan Chase's Samik Chatterjee said the results underscore Apple's resilience and should further entice investors to buy the stock. "Amid a sea of large-cap earnings debacles, Apple's results appear to be a relative victory," wrote Bernstein's Toni Sacconaghi.
☆ The demand profile of the Apple customer is changing which is worrisome, says BofA's Mohan
  + stars: | 2022-09-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe demand profile of the Apple customer is changing which is worrisome, says BofA's MohanWamsi Mohan, Bank of America analyst, joins 'Squawk on the Street' to discuss why Mohan sees more downside risk to Apple's stock, the demand for Apple's base iPhone 14 model, and more.
☆ Behind the big Apple downgrade: Analyst who made the call reveals why the stock is in trouble
  + stars: | 2022-09-29 | by ( Alex Harring | ) www.cnbc.com   time to read: +1 min
The Bank of America analyst who made waves Thursday by downgrading Apple said his decision was based on the tech giant's decision not to upgrade chips in the iPhone 14 series. "That is a real departure from from prior generations," analyst Wamsi Mohan told "Squawk on the Street" when talking about the chips. The firm also lowered its price target on the stock to $160 per share. While that implies an upside of 7%, the previous price target of $185 positioned the stock for a gain of more than 23%. His souring sentiment on the stock also stems from the increasingly tumultuous economic environment consumers find themselves in, he told CNBC.
☆ Bank of America downgrades Apple, says weak consumer will cause stock's outperformance to end
  + stars: | 2022-09-29 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +2 min
Apple got a rare downgrade Thursday, with Bank of America lowering its rating on the tech giant to neutral from buy, citing incremental risks to the company's earnings going forward. The bank also slashed its price target on the stock to $160 per share, implying upside of about 7%. Bank of America's old target of $185 pointed to a more than 23% gain. Apple is down 15.6% year to date, outperforming the S & P 500 in that time, which has fallen nearly 22%. Bank of America sees many short-term risks to Apple given a weaker macroeconomic outlook.
☆ The most expensive new iPhone models could boost Apple, top analyst says
  + stars: | 2022-09-20 | by ( Jesse Pound | ) www.cnbc.com   time to read: +1 min
There are early signs that the most expensive versions of Apple 's iPhone 14 are a hit with customers, according to a widely followed tech analyst. Ming-Chi Kuo, a longtime Apple analyst, wrote in a post on Medium that the Pro models of the new iPhone 14 are proving popular with customers, potentially boosting the tech giant's profit margin. According to Kuo, the iPhone 14 Pro Max is currently the most popular model in the new lineup, accounting for roughly a third of iPhone 14 shipments. On Apple's website, the standard iPhone 14 starts at $799. The iPhone 14 Pro starts at $999, and the Max version begins at $1,090.
☆ Apple may be seeing a demand split for iPhone 14 models, Bank of America says
  + stars: | 2022-09-19 | by ( Jesse Pound | ) www.cnbc.com   time to read: +1 min
There is a divergent picture of demand developing for Apple 's newest lineup of iPhones, according to Bank of America. But that appetite does not appear to exist down the lineup, where the iPhone 14 and iPhone 14 Plus have shrunken wait times compared with prior years. This could be driving customers to shift into the iPhone 14 Pro/Pro Max models which bodes well for mix and ASP, in our opinion. However, this might also suggest weaker demand overall for iPhone 14, which could be concerning," Mohan wrote. That change and component shortages could be impacting the year-to-year comparisons of shipping times, Mohan cautioned.
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