Wells Fargo Doesn't See Peak iPhone Sales (AAPL); Numbers Trimmed
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Canaccord Genuity Believes Soft Orders From Apple (AAPL) Could Hurt Skyworks Solutions (SWKS) - Cut PT to $110
January 8, 2016 8:35 AM ESTCanaccord 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
January 7, 2016 7:43 AM ESTRBC 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
Piper Jaffray's Muster Says Weak Apple (AAPL) March Quarter Expected
January 6, 2016 8:30 AM ESTPiper 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
Apple (AAPL) Tests $100 Level as Slowness Seen Across Supply Chain
January 6, 2016 7:00 AM ESTApple (NASDAQ: AAPL) is lower again this morning and is testing the $100 psychological support level as potential layoffs at a key supplier essentially confirm yesterday's reports that the company is cutting its iPhone 6S/6S+ build plans for the March quarter. In addition... More
Apple (AAPL) Suppliers Pressure on Reports of Production Cut
January 5, 2016 12:44 PM ESTApple (NASDAQ: AAPL) suppliers are seeing pressure Tuesday following news that the company is planning a production cut of about 30... More
UPDATE: Apple (AAPL) Seen Cutting iPhone 6S/6S+ Output ~30% from Jan. to Mar. - Nikkei
January 5, 2016 12:09 PM EST(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
