Apple The Exchange TRX to welcome its first customers this Saturday, June 22, in Kuala Lumpur

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Morgan Stanley says App Store and iPhone builds suggest upside to Apple estimates

June 21, 2024 7:03 AM EDT

Morgan Stanley analysts say their latest data points to a potential upside to Apple's (NASDAQ: AAPL) estimates.

The firm said in a note Friday that "App Store net revenue growth is tracking +13.5% Y/Y MTD and +13.3% Y/Y QTD, implying 2 pts of upside vs. our C2Q 13.3% Services growth forecast."

The bank says this suggests that Apple's Services segment, which includes the App... More

Apple (AAPL) PT Raised to $240 at Bernstein SocGen Group

June 21, 2024 5:07 AM EDT

Bernstein SocGen Group analyst Toni Sacconaghi raised the price target on Apple (NASDAQ: AAPL) to $240.00 (from $195.00) while maintaining a Outperform rating.

The analyst comments "We see 4 opportunities for Apple to monetize AI: 1) Offering on-device AI to drive accelerated iPhone replacement and incremental hardware... More

Should investors press Apple longs via options - Susqehanna

June 20, 2024 10:33 AM EDT

Susquehanna analysts question whether Apple (NASDAQ: AAPL) investors should leverage their long positions using options strategies. The stock has risen nearly 9% since the company's Worldwide Developers Conference, entering a period known for seasonal strength.

While AAPL is not covered by Susquehanna, the analysts... More

Vague Apple (AAPL) Comments Circulate

June 20, 2024 9:32 AM EDT

Vague Apple (NASDAQ: AAPL) Comments Circulate

Channel-check firm claims Q2 2024 iPhone sales growth yoy "accelerated" in China compared to Q1 2024 yoy growth data.... More