Redburn-Atlantic Downgrades Apple (AAPL) to Neutral, 'valuation now appears full'

KeyBanc data indicates Apple (AAPL) hardware spending is below average

KeyBanc 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

Bank 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

It's time to buy a dip in Apple (AAPL) stock, says this analyst. Here's why

Apple (NASDAQ: AAPL) stock has faced a challenging start to the year, declining by 3.6% over the first five trading days in 2024.

Investor concerns encompass various issues, including potential weak iPhone demand impacting FY24 estimates, Apple Watch bans, and headwinds related to the Google/DOJ case.

Despite these... More

Apple (AAPL) weakness a buying opportunity, developer conference a key catalyst - Morgan Stanley

Apple (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

Apple's Vision Pro headset to go on sale in U.S. starting Feb. 2

(Reuters) - Apple said it would start sales of its Vision Pro mixed-reality headset in the United States from Feb. 2, as the company tries to grab a share of the market dominated by Meta Platforms with its most expensive bet in more than a decade.

The headset starts at $3,499 and marks the company's biggest product launch since the original iPhone went on sale in 2007.

It will be available for pre-orders starting at 5 a.m. Pacific Time (1300 GMT) on Jan. 19,... More

Apple (AAPL) says Apple Vision Pro will be available beginning February 2

Apple (NASDAQ: AAPL) announced today that the Apple Vision Pro will be available starting Friday, February 2, at all U.S. Apple Store locations and online.

The Vision Pro introduces a seamless integration of digital content with the physical world, offering powerful spatial experiences... More

Apple Vision Pro available in the U.S. on February 2 (AAPL)

Apple® today announced Apple Vision Pro will be available beginning Friday, February 2, at all U.S. Apple Store® locations and the U.S. Apple Store online. Vision Pro is a revolutionary spatial computer that transforms how people work, collaborate, connect, relive memories, and enjoy entertainment. Vision Pro seamlessly blends digital content with the physical world and unlocks powerful spatial experiences in visionOS, controlled by the most natural and intuitive inputs possible a users eyes, hands, and voice. An all-new App Store® provides users with access to more than 1 million compatible apps across iOS and iPadOS, as well as new experiences... More

Midday movers: Boeing, Apple and more

(Updated - January 8, 2024 12:12 PM EST)

Investing.com -- Main U.S. indexes gained ahead of the release of the key monthly inflation data later in the week, which could determine risk appetite going forward.

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

Boeing (NYSE: BA) stock fell 6.5% after the Federal Aviation Administration ordered the temporary grounding of around 171 Boeing jets in the wake of a mid-air breach of a 737 Max jet last week.

Alaska Air (NYSE: ALK) stock slid 0.8%... More

JPMorgan Looking for a Floor on Apple (AAPL)

JPMorgan analyst William Yang reiterated an Overweight rating and $225.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "Share price back to Sep 2023 (pre iPhone 15 launch) levels following round trip on macro optimism. AAPL shares have had tough start to the... More

Apple (AAPL) stock slips as new report shows iPhone continues to underperform in China

According to Jefferies' industry checks, Apples (NASDAQ: AAPL) iPhone experienced a year-over-year decline of over 30% recently.

Jefferies estimates that the iPhone in China exited 2023 with approximately a 3% decline and a 0.4 percentage point lower market share.

iPhone's lower market share YoY in China is a negative surprise, and we believe the cannibalization... More

Apple iPhone sales in China fall 30% in first week of 2024 - Jefferies

By Yelin Mo and Brenda Goh

BEIJING (Reuters) - Apple's iPhone sales in China dropped by 30% in the first week of 2024, Jefferies analysts said in a note, adding to signs of growing competitive pressures from domestic rivals such as Huawei for the U.S. tech giant.

The decline in Apple's sales was the primary catalyst for an overall double-digit drop in China smartphone shipments for the first week, according to a note the brokerage published on Sunday. Other Android brands and Huawei achieved relatively flat growth year-over-year during this period, the note said.