Evercore ISI on Apple (AAPL) App Store Update: 'Deceleration Less than Feared'

Apple (AAPL) App Store revenue up 12% YoY in March quarter - UBS

UBS analysts said in a note Thursday that Apple's (NASDAQ: AAPL) March quarter App Store revenue was in line with their Services estimate for the quarter.

The investment bank stated that App Store revenue was up 12% year-on-year, with spending ticking up modestly in... More

Evercore: 'We continue to think Apple (AAPL) becomes an AI winner'

Analysts at Evercore ISIS continue to believe that Apple (NASDAQ: AAPL) will become an AI winner. The firm maintained an Outperform rating and $220 price target on the stock in a note on Tuesday.

The firm said Apple researchers published a paper yesterday that detailed Apple's latest AI innovation, ReALM (Reference Resolution As Language... More

Evercore ISI on Apple (AAPL): 'We continue to think Apple becomes an AI winner...'

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: Researchers at Apple published a paper yesterday that detailed Apples latest AI innovation dubbed ReALM (Reference Resolution As Language Modeling). Apple has indicated that its smaller ReALM models performed similarly to... More

Apple-Baidu deal will be similar to the Google-Samsung partnership - analyst

Recent reports indicated that Apple (NASDAQ: AAPL) is exploring a collaboration with Baidu (NASDAQ: BIDU), a leading Chinese search engine, to integrate generative AI technology into its products available in China.

Through a potential partnership, the tech giant aims to incorporate Baidu's generative AI product, Ernie Bot, into its upcoming iPhone 16 as well as in the Mac OS and iOS 18... More

Apple stock target cut at Loop as iPhone strength wanes

Loop Capital analyst cut their 12-month target price on Apple stock (NASDAQ: AAPL) to $170 from $185, citing weaker demand, rising competition, and flattening iPhone Average Selling Prices (ASPs).

Against this backdrop, the brokerage firm also lowered its overall revenue and earnings estimates for APPL in the calendar year 2024.

In this context notably we now project AAPL overall revenue and EPS to DECLINE YoY in CY2024 for... More

Apple (AAPL) PT Lowered to $170 at Loop Capital, 'Demand, Competition and ASPs Takes Another Bite'

(Updated - April 1, 2024 7:31 AM EDT)

Loop Capital analyst Ananda Baruah lowered the price target on Apple (NASDAQ: AAPL) to $170.00 (from $185.00) while maintaining a Hold rating.

The analyst comments "Reducing our PT to $170 as were adjusting our AAPL estimates... More

iPhone global sales fell 4% in February amid 'material softness in the US and China'

UBS analysts estimate that global iPhone sales experienced a 4% year-over-year decline in February, dropping to 17.4 million units from 18.1 million amid material softness in the US and China.

Citing data from the China Academy of Information and Communications Technology, Bloomberg reported in March that Apples (NASDAQ: AAPL) smartphone shipments in February within the country tallied approximately 2.4 million units. This figure represents a 33% decline compared to the same month in 2023.... More

Two market watchers warn 'enormous correction' could happen soon

(Updated - April 1, 2024 6:34 AM EDT)

Market watcher Vital Knowledge cautioned that the current frenzy over artificial intelligence (AI) could be heading towards an enormous correction, comparing the current market situation to those of in late 1990s and early 2000s internet bubble.

Specifically, the market commentary provider notes that while the technology underpinning AI is undeniably real and the investment in it substantial, the primary AI tools gaining attention are consumer-oriented and largely serve as proof-of-concept rather than offering solid, return-on-investment (ROI) benefits that enterprises seek for wide-scale deployment.

This discrepancy between massive infrastructure investment and... More

Apple (AAPL) option IV steady

Apple (NASDAQ: AAPL) 30-day option implied volatility is at 21; compared to its 52-week range of 16 to 31 into hosting its annual Worldwide Developers Conference (WWDC) from June 10 through 14, 2024.

Citi downgrades tech stocks as its flagship indicator signals 'euphoria' levels

As the second quarter approaches, Citigroup equity strategists anticipate a shift in the US equity rally, predicting it will extend to more defensive market segments, especially those influenced by interest rates.

The S&P 500 has overshot our 5100 year-end target reflecting soft landing and AI enthusiasm, Citi strategists said in a note.

... [Y]td price action has... More