Apple (AAPL) Said to Temper Watch Expectations for 2016; Will Keep Manufacturing at One Company

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Mizuho Securities Remains Bullish on Apple (AAPL) as 1Q Results Come In-Line

January 27, 2016 7:11 AM EST

Mizuho Securities reiterated a Buy rating and $120.00 price target on Apple (NASDAQ: AAPL) following the company's 1Q earnings report. Apple reported revenues slightly below consensus and guided F2Q16 significantly below consensus. Total revenues of $75.9bn compared with consensus of $76.6bn. iPhone shipments... More