RBC Capital Lowers Estimates, PT on Apple (AAPL)
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Apple (AAPL) iPhone Unit Estimates Trimmed at BofA/ML
December 16, 2015 9:07 AM ESTBofA/Merrill Lynch maintained a Neutral rating on Apple (NASDAQ: AAPL) with a price target of $130. Analyst Wamsi Mohan lowered iPhone and Watch estimates, citing weakening supply chain trends.
FQ2 iPhone unit estimates were reduced from 58 million to 51 million, while FY16 estimates were... More
Credit Suisse Cuts Numbers on Apple (AAPL) Again Following Latest Data Points
December 16, 2015 8:29 AM ESTCredit Suisse analyst Kulbinder Garcha is again lowering Apple (NASDAQ: AAPL) CY16 iPhone estimates by 8mn units, to 214mn, and CY16 EPS estimates by 4%, following weakness in the supply chain.
"Our own checks and Dialog's recent pre announcement, as well as research from our Asian team, suggest a deeper cut in December and March production volumes," Garcha said. "The cuts seem to... More
RBC Capital Weighs In on Apple (AAPL) Following Dialog's Warning
December 15, 2015 12:30 PM ESTRBC Capital analyst Amit Daryanani weighed in on Apple (NASDAQ: AAPL) following supplier Dialog's negative fourth quarter pre-announcement.
Daryanani notes that in addition to Dialog, a host of supply chain data points have been negative over the last few weeks that have... More
Apple (AAPL) Lower Again Following Dialog Semi's Warning
December 15, 2015 9:37 AM ESTApple (NASDAQ: AAPL) is lower again in early trade Tuesday (-0.4%) after supplier Dialog Semiconductor revised lower its revenue outlook for the fourth quarter. Dialog said it now expects revenue in the range of $390-$400 million, which compares to the prior guidance of $430-$460 million. Dialog specifically called out weakness Mobile Systems segment. Apple accounts for +75% of Dialogs total revenue, or as much as 90% of the companys Mobile System segment.
Stiel analyst Aaron Raker said the size of the Dialog miss leaves them to believe it is iPhone (vs. iPad)... More
