Apple in talks with Disney, others on VR content for new headset - Bloomberg News
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The 'dramatically weakening dollar' a cushion for tech - Bernstein
January 24, 2023 2:24 PM ESTBernstein analyst Toni Sacconaghi said in a note to clients that the "dramatically weakening dollar" is a "cushion for tech."
The analyst explained that in 2022, the US dollar strengthened materially, creating a "meaningful headwind to revenues for US-based tech (and non-tech) companies."
"However, since most companies reported earnings in... More
Apple (AAPL) remains a top pick at Morgan Stanley, new Macs adding to PC market momentum
January 24, 2023 8:32 AM ESTApple (NASDAQ: AAPL) remains a top pick at Morgan Stanley, while Evercore ISI said Tuesday that new Macs are adding to the tech giant's momentum in the PC market.
In a research note, Morgan Stanley analyst Erik Woodring told investors, looking ahead to Apple's upcoming earnings release, that a December quarter beat is now priced in, but various near-term catalysts keep Apple as the firm's top pick.
"We are 0-1% ahead of Consensus estimates in the December quarter on the back of better than expected Product shipments... More
Morgan Stanley Reiterates Top Pick on Apple (AAPL), ' Dec Q Beat Now Priced In But Myriad NTM Catalysts Keep Apple As Top Pick'
January 24, 2023 2:58 AM ESTMorgan Stanley analyst Erik Woodring reiterated an Overweight rating and $175.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "We are 0-1% ahead of Street Dec Q ests on Product and Services outperformance but 1-3% below Consensus in March Q due to lower... More
