Apple's iPhone shipments in China drop 2% in Q4 as Huawei grows market share
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Evercore ISI on Apple (AAPL) AppStore Impact: 'We think the aggregate impact of all of this is sub 1% to top/bottom line', 'Sticking with OP and $220 target'
January 26, 2024 1:16 PM ESTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "ALL YOU NEED TO KNOW: There has been a TON of questions on understanding the various parts of what is happening with... More
Apple: Analysts quantify the impact of new App Store regulation on finances
January 26, 2024 12:00 PM ESTApple (NASDAQ: AAPL) revealed yesterday modifications to iOS, Safari, and the App Store in response to the Digital Markets Act (DMA) in the European Union (EU).
To comply with the DMA, Apple is implementing over 600 new APIs, enhancing app analytics, providing functionality for alternative browser engines, and offering options for processing app payments and distributing iOS apps.
These changes are designed to... More
JPMorgan Comments on Apple (AAPL) Changes to EU Services Monetization
January 25, 2024 4:42 PM ESTJPMorgan analyst William Yang reiterated an Overweight rating on Apple (NASDAQ: AAPL).
The analyst comments "Apple will enable alternative app stores for consumers to download apps, and the ability to use alternative payment systems starting March of this year. Apple is charging a lower commission rate in the range of 10% to 17% (vs. prior rates of 15% to 30%) for apps sold through the... More
Apple (AAPL) stock slides as iPhone shipments in China drop 2% in Q4
January 25, 2024 5:56 AM EST(Updated - January 25, 2024 7:15 AM EST)
In the final quarter of 2023, Apple's (NASDAQ: AAPL) smartphone shipments in China declined by 2.1%, as per data from research firm IDC, citing increased competition from local rivals led by Huawei.
The decrease highlights the challenges Apple faces in its third-largest market, where... More
