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

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

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

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

Apple (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