Apple (AAPL) PT Lowered to $223 at Goldman Sachs

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'

Evercore 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

Apple (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

JPMorgan 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

Goldman Sachs Previews Apple (AAPL) Earnings

Goldman Sachs analyst Michael Ng reiterated a Conviction Buy rating and $223.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "We expect AAPL to deliver relatively in-line results for F1Q24 with EPS of $2.10 (v. FactSet consensus of $2.10) and revenue of $117.4 bn (v. consensus of $118.1 bn). Services revenue should grow 11% yoy (including a ~7pp... More