Apple (AAPL) Hit With €1.8b EU Fine Over Abusive App Store Rules - Bloomberg
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Apple (AAPL) extends losses, down over 1% after €1.8 billion EU fine
March 4, 2024 8:58 AM ESTApple (NASDAQ: AAPL) share price decline has continued Monday, with the stock down 1.5% ahead of the open.
Apple shares are down 4% in 2024, with an over 5% decline in the last three months. Premarket, the stock is trading around the $176.90 mark.
Today's decline follows news that the European Commission has fined the iPhone maker over 1.8 billion for "abusing its... More
Evercore ISI Removes Apple (AAPL) from Tactical Outperform List, 'we think iPhone units are largely flat'
March 4, 2024 7:38 AM ESTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "AAPL reported upside to Dec-qtr with a print of $119.6B/$2.18 vs. street at $118B/$2.10, overall sales were up 2% y/y (adjusted for extra week LY was up +4%) driven by strength across iPhones (+6%) and services (+11%) that was partially offset by weakness in iPad (-25%) and wearables (-10%). One of the concerns here is the softer Mar-qtr guide that implies sales... More
