Foreign smartphone sales in China drop 12.7% in August, data show
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September 27, 2024 12:54 PM EDT
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: The iPhone 16 and 16 Pro lineup has been available for pre-order in most geographies since Sep 13th, and lead times for the Pro/Pro Max models have remained relatively stable since we last ran the analysis on 9/20, while lead times for the 16 and 16 Plus have decreased. All delivery times referenced are for delivery of a sim-free phone from the Apple website. China lead times... More
September 26, 2024 6:03 AM EDT
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: We maintain our positive stance on AAPL post our survey of ~3,500 individuals regarding their iPhone purchasing intentions. In aggregate, we are surprised by the strength of the survey results, which point to high demand for the new iPhones as well as solid ASP growth. Key Points: 1) High Upgrade Rates: 63%... More
September 26, 2024 5:38 AM EDT
Oppenheimer analyst Martin Yang reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "Meta yesterday showcased its AR glasses prototype, Orion. Orion is an impressive product for its light weight and wide field of view, weighing... More
September 25, 2024 2:26 PM EDT
Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "Chinese smartphone shipments were up +26.7% y/y in August, which was lower from +30.4% y/y growth in the prior month. CAICT data suggests MNC shipments (read: Apple) fell - 12.9% y/y (total 1.9M units), down from previous months of growth in July and June, which were at +3.5% y/y and +12.1% y/y... More
September 25, 2024 9:09 AM EDT
New Street On Apple (NASDAQ: AAPL): 'We expect a 10% miss on shipments'
The analyst comments "iPhone 16 started shipping on Friday. Early datapoints suggest reception is poor, with disappointing innovation, and a late rollout of Apple Intelligence. In todays work, we provide our... More
