Apple Falls 4% on Report It Will Not Ramp Up iPhone 14 Production, Analyst Not Surprised
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Apple (AAPL) Analyst Says Production Reports Sound 'a Little Weird'
September 28, 2022 1:30 PM EDTApple (NASDAQ: AAPL) shares fell Wednesday after reports that the technology giant was ditching its plans to boost iPhone production after demand falters.
However, according to TF International Securities Apple analyst Ming-Chi Kuo, the reports do not seem to be accurate.
"Rumored Apple ditching iPhone... More
Evercore ISI on Apple (AAPL): 'remains one of the few companies that is positioned to beat/raise through H2:22'
September 28, 2022 10:45 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $190.00 price target on Apple (NASDAQ: AAPL)
The analyst comments " Multiple news outlets, including Bloomberg, have reported that AAPL has told suppliers to curtail efforts to increase production of the iPhone 14 by as many as 6M units. The implication is now that AAPL will aim to produce ~90M units of the iPhone 14... More
Apple (AAPL) defended at Wedbush over the iPhone Production Report
September 28, 2022 9:29 AM EDTWedbush analyst on Apple (NASDAQ: AAPL): "Our view is the headline of "not increasing production" (~6 million units) overshadows the underlying story for iPhone 14 Pro demand that is currently playing out in the field. iPhone Pro demand remains robust based on all... More
