Citi Closes 90-Day Upside Catalyst Watch on Apple (AAPL)

Goldman Sachs on Apple (AAPL) and China: 'any direct impacts of the reported government ban should prove minimal'

Goldman Sachs analyst Michael Ng reiterated a Conviction Buy rating and $222.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "According to the WSJ, the Chinese government ordered officials at certain government agencies and state-owned enterprises not to use foreign-branded devices including the iPhone for work or bring them into the... More

CFRA is Bullish on Apple (AAPL), 'we expect the iPhone 15...to be superior to the Mate 60'

CFRA analyst Angelo Zino reiterated a Buy rating and {REMOVEPT} price target on Apple (NASDAQ: AAPL).

The analyst comments "AAPL shares are being pressured on two concerns: 1) China seeking to broaden an iPhone ban to state firms/agencies; and 2) greater competitive pressures after a well-received launch... More

Tech stocks lead declines as investors worry about interest rate direction

Investing.com -- U.S. stocks were mixed, with declines led by tech stocks, as investors continued to worry about interest rates remaining higher for longer.

At 13:24 (17:24 GMT) the Dow Jones Industrial Average was up 94 points or 0.3%, while the S&P 500 was down 0.3% and the NASDAQ Composite was down 1%. Nasdaq is down for the fourth-straight day.

The major Wall Street indices closed lower on Wednesday, with the blue-chip Dow Jones Industrial Average ending almost 200 points, or 0.6%, lower, while the tech-heavy Nasdaq Composite dropped 1.1% and the broad-based S&P 500 fell... More

Evercore ISI reiterates Outperform as Apple (AAPL) contends with China related pressure

Evercore ISI reiterated an Outperform rating on Apple Inc. (NASDAQ: AAPL) with a 12-month price target of $210.00.

In the past few days, Apple's stock has faced downward pressure due to ongoing geopolitical tensions between the United States and China. In a recent development, it was announced that the Chinese Communist Party (CCP) instructed employees against using... More

Evercore ISI Defending Apple (AAPL), Says China Related Weakness is More of a Headline Issue than Something Material

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $210.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Apple stock has been under pressure in recent days on the back of US/China geopolitical issues. Most recently, it was announced that the CCP told employees not to use Apple iPhones (or other... More

Apple (AAPL) 30-day option implied volatility increases

Apple (NASDAQ: AAPL) 30-day option implied volatility is at 25; compared to its 52-week range of 17 to 45 into September 12 event. Call put ratio 1 call to 1 put as share price down 3%.

Active options: AAPL TSLA NVDA AMD AMC AMZN PLTR BABA

Active options: AAPL TSLA NVDA AMD AMC AMZN PLTR BABA

Morgan Stanley are buyers of any Apple (AAPL) underperformance post iPhone 15 launch

Apple (NASDAQ: AAPL) iPhone revenue will grow year-on-year in FY24, according to Morgan Stanley's Erik Woodring in a note Thursday.

The analyst, who maintained an Overweight rating and $215 price target on the tech giant's shares, said despite concerns about a muted iPhone 15 cycle, they believe iPhone revenue will increase due to a growing installed... More

Apple, ChargePoint and Dell fall premarket; GameStop rises

Investing.com -- U.S. futures traded in a mixed fashion Thursday, ahead of the release of more labor market data, which could influence future monetary policy decisions.

Here are some of the biggest premarket U.S. stock movers today:

Apple... More

BofA estimates up to 5-10M iPhone unit headwind if China government ban goes through

BofA analyst Wamsi Mohan: "China accounts for roughly 40-50mn iPhone units for Apple. We estimate up to a 5mnto 10mn-unit headwind if such a ban were to go though and subsequently be enforced. Additionally, if iPhones are banned from being carried into official workplaces (the Journal article suggests... More

GenAI will push Microsoft, Google, and Amazon's market cap above Apple - Needham

Needham & Company analyst Laura Martin highlighted the transformative potential of generative AI in reshaping the competitive landscape for large global companies.

Many of these companies (including AAPL) are about to get dwarfed by generative AI, in our view, Martin wrote in a report to clients.

Companies that integrate generative AI into their business practices can benefit from faster product and content introductions,... More

China Moves To Widen State Employee iPhone Curbs - Reuters

China Moves To Widen State Employee iPhone Curbs - Reuters

U.S. stock futures mixed, Chinese exports fall - what's moving markets

Investing.com -- U.S. stock futures pointed to a mixed open for equities on Wall Street, as investors examine how recent services sector data and a closely-watched Federal Reserve survey could impact the central bank's monetary policy. Elsewhere, China's exports contract in August in a sign of mounting pressure on the manufacturing industry in the world's second biggest economy, while a report that Beijing is barring government officials from using iPhones at work weighed on Apple (NASDAQ: AAPL) shares.

1. Futures mixed following Wednesday slide

U.S. stock... More

Apple could lose ~20M iPhone shipments in 2024 due to China ban, Huawei competition - analysts

Nasdaq 100 futures declined 0.5% in early New York trade on Thursday as Apple (NASDAQ: AAPL) stock selloff continued for the second consecutive day.

Shares in the tech behemoth fell 3.6% yesterday on the WSJ report that China is expanding its ban on iPhones to state-owned firms and government agencies.

Apple stock is down a further 2.7% in pre-market Thursday.

China Government Ban

The situation in China has developed as the government ordered officials at central government agencies not to use iPhones and other foreign-branded devices for work or bring them into... More

Microsoft, Amazon, Alphabet will overtake Apple in market cap - Needham

Needham & Company analyst Laura Martin: "Today, the 3 LLM front-runners are AMZN, GOOGL and MSFT. We believe these 3 companies will grow their market caps to be larger than AAPL's $3T."

"To compete, companies must tilt strongly toward data-enabled, tech-first solutions. Since incumbents are typically slow to react, we expect... More

Morgan Stanley: Why We Believe the iPhone Will Grow in FY24

Morgan Stanley analyst Erik Woodring reiterated an Overweight rating and $215.00 price target on Apple (NASDAQ: AAPL).

"Despite concerns of a muted iPhone 15 cycle, we have conviction iPhone revs will grow Y/Y in FY24 given a growing installed base, easy Y/Y... More

Apple (AAPL) options active on 1.7M contracts

Apple (NASDAQ: AAPL) 30-day option implied volatility is at 22; compared to its 52-week range of 17 to 45 into September 12 event. Call put ratio 1.2 calls to 1 put on 1.7M options.

Active options: TSLA AAPL NVDA AMC AMD AMZN ROKU

Active options: TSLA AAPL NVDA AMC AMD AMZN ROKU

EU labels six major tech groups as "gatekeepers" under new competition rules

Investing.com -- The European Union has listed six tech giants, including Amazon (NASDAQ:A MZN), Google-parent Alphabet (NASDAQ: GOOGL), and Meta (NASDAQ: META), as so-called "gatekeepers" that must adhere to the bloc's strict digital regulations.

In a statement, the EU Commission said that Apple (NASDAQ: AAPL),... More

China bans Apple's iPhones for Government officials at work - WSJ

China has imposed a ban on the use of Apples (NASDAQ: AAPL) iPhones and other foreign-branded devices by officials at central government agencies for work purposes or within the office, according to WSJ.

This directive, which has been conveyed to employees... More

Apple says it remains worried about risks of EU Digital Markets Act

STOCKHOLM (Reuters) - Apple on Wednesday said it remained concerned about privacy and security risks it sees in the new EU Digital Markets Act (DMA), after the European Commission had designated it and five other major tech companies as "gatekeepers" of online services.

"Our focus will be... More

Apple (AAPL) option implied volatility into September 12 event

Apple (NASDAQ: AAPL) 30-day option implied volatility is at 20; compared to its 52-week range of 17 to 45 into September 12 event.

Active options: TSLA AAPL NVDA AMD AMZN MSFT META INTC NFLX

Active options: TSLA AAPL NVDA AMD AMZN MSFT META INTC NFLX

China bans government officials from using iPhones for work - WSJ

(Reuters) -China ordered officials at central government agencies not to use Apple's iPhones and other foreign-branded devices for work or bring them into the office, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

In recent weeks, staff were given the instructions by their superiors in workplace chat groups or meetings, according to the report, which added that it wasn't clear how widely the orders were being distributed.

The ban comes ahead of an Apple event next week that analysts believe will be about launching a new line of iPhones, and could trigger... More