Apple (AAPL) stock falls as China woes continue
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Apple (AAPL) needs to invest heavily in generative AI to catch-up
October 24, 2023 2:30 PM EDTTF International Securities analyst Ming-Chi Kuo said in a post that he believes Apple (NASDAQ: AAPL) will need to invest several billion dollars annually to catch up with the competition in generative AI.
The analyst explained that his latest survey indicates Apple plans to purchase 2,000 to 3,000 and 18,000 to 20,000 units of AI servers in 2023 and 2024, respectively, representing... More
China production dependence is a big risk for Apple (AAPL) - BoA
October 24, 2023 8:10 AM EDTBofA analyst Wamsi Mohan said in a note on Tuesday that Apple's (NASDAQ: AAPL) headline China risks could be increasing as they are more in focus.
The analyst, who maintained a Neutral rating and $208 price target on the stock, said... More
Evercore ISI Says Apple (AAPL) iPhone 15 Orders in China/US and Japan are 'Stable', Says UK/Germany Lead Time 'Down'
October 20, 2023 11:38 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Underperform rating and $210.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "The iPhone 15 lineup has been available for pre-order in most geographies since Sep 15th , and lead times for the Pro/Pro Max models have been somewhat mixed; the US, China, and Japan were stable vs. last week while UK/Germany lead times were down by 7-9 days on average. All delivery times referenced are for delivery of a sim-free phone from... More
Huawei sold 1.6 million 'iPhone killer' Mate 60 Pro phones in six weeks - report
October 19, 2023 6:26 AM EDTChinas Huawei Technologies sold 1.6 million of its Mate 60 Pro handsets in just six weeks, according to research firm Counterpoint Research.
The embattled tech giant managed to sell 400,000 of these units in the last two weeks amid growing concerns that the high-end smartphone is hurting Apples (NASDAQ:... More
