Apple slashes iPhone prices in China amid fierce Huawei competition
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May 21, 2024 6:42 AM EDT
According to research from analysts at Jefferies, Apple (NASDAQ: AAPL) is offering deeper discounts in China for the 618 shopping day festival.
The firm said 618 pre-sales on JD and Tmall started on May 20, with a three to six percentage point increase in discounts... More
May 20, 2024 4:11 PM EDT
Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "We hosted a call with an Expert in the payments space who has previously worked building payments products at Apple. The call added to our conviction that Apple has some solid growth runway around Apple Pay, B2C payments, and potentially B2B payments over... More
May 20, 2024 7:01 AM EDT
With analysts continuing to focus on iPhone demand, UBS said in a note this week that data points to a flattish iPhone cycle for Apple (NASDAQ: AAPL).
The bank noted that immediately before and after Apple's recent quarterly earnings report, the market started to embed a recovery in... More
May 20, 2024 6:08 AM EDT
UBS analyst David Vogt reiterated a Neutral rating and $190.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "Immediately prior to and post Apple's earnings report, the market started to embed a recovery in iPhone unit demand given enthusiasm that AI is a tailwind. Specifically, the market expects AI capabilities and... More
May 20, 2024 5:56 AM EDT
Apple (NASDAQ: AAPL) has initiated an aggressive discounting campaign on its official Tmall store in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models.
The campaign, through which Apple aims to defend its position in the high-end smartphone market amid... More
