Apple (AAPL) set to allow alternative app stores - Bloomberg
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... MoreApple plans to let rival app stores on iPhones in EU -Bloomberg
December 13, 2022 2:38 PM ESTBy Paresh Dave
(Reuters) -Apple Inc is preparing to allow alternative app stores on its iPhones and iPads in the European Union as soon as late next year to comply with a new European competition law it had fought, Bloomberg News reported on Tuesday, citing sources familiar with the matter.
Opening up to outside app stores could present a major threat to Apple's fast-growing services business, but rivals would first have to surmount the hurdle of convincing consumers to leave the security and simplicity of using Apple's own store.
The magnitude of consequences depends... More
Apple (AAPL) To Allow Outside App Stores In Overhaul Spurred By EU Law - Bloomberg
December 13, 2022 2:02 PM EST(Updated - December 13, 2022 2:07 PM EST)
Apple (NASDAQ: AAPL) is preparing to allow alternative app stores on its iPhones and iPads as part of an overhaul aimed a complying with EU requirements coming in 2024, according to report from Bloomberg, citing people... More
Oppenheimer cuts Apple (AAPL) stock price target by over 10% on supply issues
December 12, 2022 8:58 AM ESTOppenheimer analyst Martin Yang cut the price target on the Apple (NASDAQ: AAPL) stock to $170 per share from the prior $190 to reflect ongoing China supply woes.
The slashed price target reflects lowered FY23 EPS estimates, which have come down due to later-than-expected iPhone production capacity recovery in China. Moreover, the analyst also lowered estimates to reflect... More
Apple (AAPL) PT Lowered to $170 at Oppenheimer
December 12, 2022 6:57 AM ESTOppenheimer analyst Andrew Uerkwitz lowered the price target on Apple (NASDAQ: AAPL) to $170.00 (from $190.00) while maintaining an Outperform rating.
The analyst commented, "Given later-than-expected iPhone production capacity recovery in China, we are lowering our FY23 EPS estimates. Our reduced outlook... More
Barclays expects earnings miss from Apple (AAPL) on 'lower supply and waning demand'
December 12, 2022 6:53 AM ESTBarclays analyst Tim Long reiterated an Equal Weight rating on Apple (NASDAQ: AAPL) stock and a $144 per share price target.
The analyst remains cautious on Apple after Taiwan November supplier revenue came in 19% below seasonal, led by Foxconn and Pegatron weakness. This indicator tracks 14 Taiwan-based suppliers who have Apple exposure ranging from an estimated 75% to 10%.
The... More
