Apple is implementing changes to its App Store rules as China tightens grip
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Apple (AAPL) stock dips as KeyBanc downgrades on valuation, 'soft growth' outlook
October 4, 2023 5:00 AM EDTKeyBanc analyst Brandon Nispel downgraded Apple (NASDAQ: AAPL) shares to Sector Weight from Overweight.
As a result, Apple stock traded 1.2% lower in early New York trading on Wednesday.
The downgrade call on Apple stock is based on several factors:
Valuation: AAPL is currently trading at near all-time high multiples and carries a significant premium compared to historical levels and the Nasdaq index. This... MoreTime to load up on mega-caps again - Goldman Sachs
October 2, 2023 10:29 AM EDTGoldman Sachs portfolio strategist Cormac Conners is telling clients that following the recent correction in mega-caps due to the sharp recent increase in Treasury yields it is time to start buying again ahead of upcoming third-quarter earnings results.
Stocks in focus are mega-caps Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN),... More
Apple (AAPL) met with China government to discuss new restrictive regulations - WSJ
September 29, 2023 5:46 AM EDTApple (NASDAQ: AAPL) executives held meetings with Chinese officials in recent months to address concerns related to new regulations that will restrict the company from offering numerous foreign apps currently available on its iPhone app store in China, the Wall Street Journal reported today.
Officials conveyed to Apple the... More
