Apple: iPhone 16 lead times stabilizing - Morgan Stanley
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BofA Securities on Apple (AAPL): 'Our tracking of iPhone ship dates...for the iPhone 16 Pro and Pro Max models are extended'
October 2, 2024 9:54 AM EDTBofA Securities analyst Wamsi Mohan reiterated a Buy rating and $256.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "Our tracking of iPhone ship dates on Apples own website, and various carrier websites, indicates that as of Oct 2nd (20 days after... More
BofA Securities Reiterates Buy Rating on Apple (AAPL)
October 2, 2024 6:58 AM EDTBofA Securities analyst Wamsi Mohan reiterated a Buy rating and $256.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "208 days into the compliance date for Apple, there seem to be minimal effects on downloads of web browsers (Fig 1). During the 208-day... More
JPMorgan Reiterates Overweight Rating on Apple (AAPL)
October 2, 2024 5:46 AM EDTJPMorgan analyst Samik Chatterjee reiterated an Overweight rating and $265.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "The iPhone 16 Series has been available to consumers for a little over a week (pre-order since Sept. 13th and availability since Sept. 20th) and early signs are indicating a robust product cycle; albeit, with the launch lacking early momentum for the high-end models when compared to prior cycles. As mentioned in our recent checks via our lead time tracker (see here), the difference in the lead times... More
Citi Cuts Apple (AAPL) iPhone Unit Forecasts by 2M for Sep/Dec Qtr.
October 1, 2024 9:22 AM EDTCiti analyst Atif Malik reiterated a Buy rating and $255.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "We update our iPhone unit forecasts in Sep/Dec-Q down by 2M each and now expect iPhone 16 units to be 83M this... More
Barclays on Apple (AAPL): 'Cutting iPhone 16 Builds Likely Indicative of Weak Demand'
October 1, 2024 7:11 AM EDTBarclays analyst Tim Long reiterated an Underweight rating and $186.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "There was a lot of news about increased iPhone builds in early July, a few weeks after the introduction of Apple Intelligence. Based on our recent supply chain channel checks, we believe AAPL may just have cut roughly 3M units at a key semiconductor component in iPhones for the Dec-Q,... More
