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The iPhone 16 lacks new features and a new AI smartphone is years away, wrote analysts on Sunday. Much of the optimism surrounding Apple this year came from its June announcement of Apple Intelligence, the company's take on artificial intelligence. In Sunday's note, Lee forecasted "flattish volume growth" in the second half of 2024 for iPhone 16 compared to the iPhone 15, and only 2.5% growth in lifecycle volume for the iPhone 16. AdvertisementTo be sure, not all analysts think the delay in introducing Apple Intelligence will hurt the company. He said that he gives little credence to third-party reports of iPhone 16 sales.
Persons: Jefferies, , Edison Lee, Siri, Lee, Gil Luria, Davidson Organizations: Service, Apple Intelligence, Bloomberg, D.A, Apple
It has a price target of $68, implying more than 1% downside from Friday's close. — Sean Conlon 5:41 a.m.: Jefferies downgrades Apple Oversized expectations for the iPhone could hurt of Apple lower, according to Jefferies. Analyst Edison Lee downgraded the stock to hold from buy, and his price target of $212.92 implies more than 6% downside from Friday's close. His price target of $800, up from $650, implies upside of 11.2% from Friday's close. He kept his $550 price target unchanged, implying downside of more than 23%.
Persons: Piper Sandler, Jefferies, Bernard von, Gizycki, — Sean Conlon, Wells, Ken Gawrelski, Fred Imbert, JPMorgan downgrades Lamb Weston, Lamb Weston, Ken Goldman, Goldman, Edison Lee, Lee, Matt Farrell, Farrell, Kannan Venkateshwar Organizations: CNBC, Netflix, Apple, Alliance, Western Alliance, Deutsche Bank, WAL, Amazon, North America Retail, JPMorgan, U.S, Jefferies, AP, Barclays Locations: Wells Fargo, Europe, Friday's
Retailers offering discounts on high-end iPhones in China
  + stars: | 2023-02-06 | by ( ) www.reuters.com   time to read: +1 min
SHANGHAI, Feb 6 (Reuters) - Third party retailers in China are offering discounts of as much as 10% on Apple Inc's (AAPL.O) iPhone 14 Pro amid sluggish demand for smartphones. Electronics vendors JD.Com Inc (9618.HK) and Suning (002024.SZ) are currently selling the iPhone 14 Pro basic model for 7,199 yuan ($1,062), checks of JD.com's app and Suning's website showed. That is 800 yuan cheaper than the standard price on Apple's official China website. A number of other authorised Apple third party sellers are offering similar discounts on the iPhone 14 pro and Pro Max, Reuters checks of promotions on social media showed. Apple will occasionally allow partner vendors in China to offer discounts on its phones to spur demand.
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