Apple (AAPL) Tests $100 Level as Slowness Seen Across Supply Chain

Canaccord Genuity Believes Soft Orders From Apple (AAPL) Could Hurt Skyworks Solutions (SWKS) - Cut PT to $110

Canaccord Genuity reiterated a Buy rating on Skyworks Solutions (NASDAQ: SWKS), and cut the price target to $110.00 (from $120.00), as Apple (NASDAQ: AAPL) anticipates softer 1H/C2016 iPhone and overall smartphone sales. Canaccord believes that the reduced orders from Apple near the end of the December quarter, combined with ongoing weak global smartphone sales trends, could create a greater... More

Apple (AAPL) PT, Estimates Cut at RBC Capital But Sees Stock Working Higher Through 2016

RBC Capital analyst Amit Daryanani lowered estimates and his price target on Apple (NASDAQ: AAPL) to $130.00 (from $140.00) while maintaining an Outperform rating. The update reflect supply chain data points coupled with the reality that compares will be challenging in the near term.

"We are lowering our Mar-qtr iPhone units to 45M units (prior 54M) to reflect incremental softness and recent production cuts," Daryanani commented. "Our sense is that iPhones are likely sitting at higher than optimal inventory... More

Foxconn Denies Report of Early Start to Lunar New Year Holiday (AAPL)

Foxconn is commenting apparently on reports last night from the WSJ of possible layoffs, which is impacting Apple (NASDAQ: AAPL) today.

Foxconn said the lunar near year holiday didn't begin in December as reported, according to Bloomberg headlines. Says Henan government payment correlates with insurance premium.

Piper Jaffray's Muster Says Weak Apple (AAPL) March Quarter Expected

Piper Jaffray analyst Gene Munster defended Apple (NASDAQ: AAPL) amid reports of production cuts for the iPhone 6 Plus and iPhone 6S Plus. The firm reiterated an Overweight rating and price target of $179.

Munster suggests this is already well know and expected by... More

Wells Fargo Doesn't See Peak iPhone Sales (AAPL); Numbers Trimmed

Wells Fargo analyst Maynard Um lowered his March quarter estimates and its valuation range on Apple (NASDAQ: AAPL) to $120-$130 from $125-$135 to err on the side of conservatism following reports the company is cutting iPhone 6S/6S+ build plans for the March quarter and many have pointed to lower 6S/6S+... More

UPDATE: Apple (AAPL) Seen Cutting iPhone 6S/6S+ Output ~30% from Jan. to Mar. - Nikkei

(Updated - January 5, 2016 12:12 PM EST)

Apple (NASDAQ: AAPL) seen cutting iPhone, 6s, iPhone 6s+ output by about 30 percent from January to March, according to Japan's... More