Apple (AAPL) Stock Falls on Reports it Slashed iPhone 13 Production Targets for 2021 Due to Chip Shortage, Analyst Mostly Negative
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Advertising Seen as a Natural Market for Apple (AAPL) to Enter With $20B+ Upside Potential
October 15, 2021 9:43 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and a $180.00 per share price target after discussing Apples recent activities in the ad market with Michael Kenny, founder of Big Three Wheels marketing agency.
The marketing expert has clients that are heavily dependent on Facebook (NASDAQ: FB) and Google (NASDAQ: GOOGL), but he believes Apple can gain some share in the digital ad market.
Apples move to eliminate third-party tracking and limit attribution has had a significant impact on the advertising market. The... More
Semiconductor Stocks: Prepare for Mixed 3Q Results/Guidance Says Goldman Sachs and Upgrades Broadcom (AVGO) to Buy and Downgrades Western Digital (WDC) to Neutral
October 15, 2021 8:49 AM EDTGoldman Sachs analyst Toshiya Hari has previewed the 3Q earnings season as far as semiconductor stocks are concerned.
Overall, the analyst is expecting to see more mixed quarter results compared to 2Q due to: 1) supply chain bottlenecks, 2) demand dynamics, and 3) cost inflation.
We believe investor sentiment on the group is muted, to say the least. That said, and while strong results and guidance could drive a near-term positive reversion in stocks similar to last quarter, with the SOX still trading at a 7% premium to the S&P500 and IC units excluding memory tracking 15% above what we... More
Apple (AAPL) Earnings Preview: Citi and Needham Weigh In, Expects an F4Q Beat But More Cautious Stance Amid Supply Chain Challenges
October 14, 2021 6:32 AM EDTCiti analyst Jim Suva has weighed in on Apple (NASDAQ: AAPL) ahead of the companys earnings report that is due on October 28 after the market close.
The analyst is projecting sales of $1.3 billion higher than the Street consensus, as well as EPS higher by $0.03.
We do not expect Apple to give guidance for the December quarter given COVID and supply chain challenged. We maintain our Buy rating with +20% upside to the stock but this will be driven by fundamental upside to sales, EPS and cash flow rather than valuation multiple expansion. The... More
Apple likely to cut iPhone 13 production due to chip crunch -Bloomberg News
October 12, 2021 4:17 PM EDTBy Stephen Nellis
(Reuters) -Apple Inc is likely to slash production of its iPhone 13 by as many as 10 million units due to the global chip shortage, Bloomberg News reported on Tuesday, citing people familiar with the matter.
The company was expected to produce 90 million units of the new iPhone models by the end of this year, according to Bloomberg. The report https://bit.ly/3iUWcQ3 said Apple told its manufacturers that the number of units would be lower because chip suppliers... More
