BofA Securities on Apple (AAPL): 'Start of a new software driven upgrade cycle'

CFRA Reiterates Buy Rating on Apple (AAPL) Following Event

CFRA analyst Angelo Zino reiterated a Buy rating and $260.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "AAPL unveiled new iPhones, Watches, and AirPods. Pricing for the Pro devices was unchanged, while the displays will get bigger (6.3 / 6.9 inches), with camera (new 48MP) and... More

New report looks at how Apple customers see AI

A new report by MoffettNathanson sheds light on how Apple (NASDAQ: AAPL) customers perceive the company's AI strategy based on findings from a proprietary survey.

Conducted in March, the survey included more than 2,000 Apple users across the U.S. and Europe, gauging their interest in an Apple AI personal assistant and their willingness to upgrade their iPhones to access... More

Apple (AAPL) option IV bid into Glowtime event

Apple (NASDAQ: AAPL) 30-day option implied volatility is at 26; compared to its 52-week range of 16 to 37 into Apples Glowtime event on September 9, 2024.

Apple's App Store performance solid despite challenging environment: Evercore

Apples (NASDAQ: AAPL) App Store revenue grew by 12% in August, marking a slight improvement from the 11% growth seen in July, despite facing tougher comparisons.

"If App Store growth stays around these levels we could see growth come in towards the high end of Apples guidance for ~11-14% Services growth, analysts wrote in a note.

Stability in China and Japan has played a key role in the App Store's recent strength, likely driven by the release of new gaming titles.... More

Apple's “It’s Glowtime” event: Expect iPhone 16, updated watches, AirPods, says Goldman

Apples upcoming Its Glowtime event, set for September 9, 2024, is expected to feature significant product announcements, primarily the iPhone 16 lineup, new Apple Watch models, and updated AirPods, Goldman Sachs analysts said Tuesday.

While the event may not have a notable impact on Apple's stock price, there is still potential for upside surprises.

In the past 5 years, AAPL stock underperformed the S&P 500 by an average of 70 bps on the day of the iPhone announcement, and we expect this years event to be similarly immaterial to the stock price, Goldman analysts... More

Piper Sandler Reiterates Neutral Rating on Apple (AAPL)

Piper Sandler analyst Harsh Kumar reiterated a Neutral rating and $225.00 price target on Apple (NASDAQ: AAPL).

The analyst commented, "Heading into next weeks iPhone launch event, we remain Neutral on Apple, as we continue to believe a lot of the... More

Apple (AAPL) PT Raised to $236 at UBS

UBS analyst David Vogt raised the price target on Apple (NASDAQ: AAPL) to $236.00 (from $190.00) while maintaining a Neutral rating.... More

Intel manufacturing business hits a roadblock as Broadcom tests fail - report

Intel's (NASDAQ: INTC) contract manufacturing business has suffered a setback after tests with Broadcom (NASDAQ: AVGO) failed, Reuters reported Wednesday, citing sources familiar with the matter.

The tests involved Broadcom sending silicon waferslarge discs on which chips are printedthrough Intels advanced manufacturing process, known as 18A. Last month, Broadcom received the wafers back from Intel and, after reviewing the results, determined that the 18A process was not yet ready for high-volume production, the sources said.

Reuters said it was unable to confirm the current... More

Evercore ISI Reiterates Outperform Rating on Apple (AAPL)

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "ALL YOU NEED TO KNOW: App Store revenue grew +12% in August, a slight step up from the 11% rate in July despite a more challenging comp. If App Store growth stays around these levels we could see growth come in... More

5 key investor questions answered as Apple prepares to unveil iPhone 16 lineup

Tech behemoth Apple (NASDAQ: AAPL) is expected to unveil its highly anticipated iPhone 16 lineup on September 9th. In a Tuesday note to clients, analysts at Bernstein highlighted five critical investor questions ahead of this event, along with their thoughts.

1) What will happen to iPhone ASPs?: The Average Selling Price (ASP) of iPhones has been a focal point for investors, especially given rumors of potential price hikes for the iPhone 16 Pro models.

While theres speculation that Apple might increase prices by $100 for these models, history may suggest... More

Bernstein SocGen Group Reiterates Outperform Rating on Apple (AAPL)

Bernstein SocGen Group analyst Toni Sacconaghi reiterated an Outperform rating and $240.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "(1) What happens to iPhone ASPs? Reports suggest the potential for $100 increase on Pro models, but it is also possible that Apple could look to keep prices the same and offer higher prices on select configurations (higher NAND, DRAM). That said, there could be mix downs from Pro models given Apple Intelligence being available on all... More

Apple to switch to OLED displays for all upcoming iPhones from 2025, Nikkei reports

TOKYO (Reuters) -Apple will use organic light-emitting diode (OLED) displays for all iPhone models sold in 2025 and later, moving entirely away from liquid crystal displays (LCDs), Japan's Nikkei newspaper reported on Tuesday, citing unnamed sources.

Television and smartphone makers are adopting OLED displays over LCDs for the former's ability to deliver more vivid colours... More