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KeyBanc data indicates Apple (AAPL) hardware spending is below average
January 10, 2024 10:38 AM ESTKeyBanc Capital maintained a Sector Weight rating on Apple (NASDAQ: AAPL) in a note Wednesday, stating that key first look data (KFLD) shows indexed spending was below the three-year average.
According to analyst Brandon Nispel, the data showed indexed spending rose +27% month-on-month in... More
Apple (AAPL) App Store revenue rose 10% in December - BofA
January 9, 2024 11:19 AM ESTBank of America said in a note Tuesday that Apple's (NASDAQ: AAPL) App Store revenue increased by 10.1% year-on-year (YoY) globally in December and 10.2% year-on-year in China.
Furthermore, analyst Wamsi Mohan said that as per SensorTower data, App Store revenues in F1Q24 increased to $6.7... More
Apple (AAPL) weakness a buying opportunity, developer conference a key catalyst - Morgan Stanley
January 8, 2024 9:53 AM ESTApple (NASDAQ: AAPL) shares have been on the back foot since mid-December, continuing the decline into 2024. Still, analysts at JPMorgan and Morgan Stanley provided an optimistic tone in notes on Monday.
JPMorgan's Samik Chatterjee maintained an Overweight rating and $225 price target on the stock, telling investors to put the recent underperformance into context.
"AAPL shares have had tough start to the year, down -6% in the first week, given building pessimism around a lack of momentum in iPhone sales in conjunction (and... More
