BofA Securities Reiterates Buy Rating on Apple (AAPL)

Evercore ISI on Apple (AAPL): 'Lead times holding up reasonably well for the Pro/Pro Max models relative to last week'

October 4, 2024 12:06 PM EDT

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

The analyst comments "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 9/27, while lead times for the 16 and 16 Plus remain relatively stable for the US, China, and Germany, Japan and UK saw days decrease. All delivery times referenced are for delivery of a sim-free phone from the Apple website. China... More

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 EDT

BofA 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

JPMorgan Reiterates Overweight Rating on Apple (AAPL)

October 2, 2024 5:46 AM EDT

JPMorgan 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

Apple readies iPhone SE, iPad Air upgrades for early next year, Bloomberg News reports

October 1, 2024 3:43 PM EDT

(Reuters) -Apple is close to starting production of an updated iPhone SE that will serve as a new low-end model and is also aiming to manufacture new iPad Air models, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The refreshed Apple products are expected to be released early next year, the report said.

... More

Apple (AAPL) New IPhone SS Will Modernize Design, Resemble IPhone 14 - Bloomberg

October 1, 2024 3:27 PM EDT

Apple (NASDAQ: AAPL) New IPhone SS Will Modernize Design, Resemble IPhone 14 - Bloomberg

... More

Samsung to Cut Thousands of Jobs as Part of Worldwide Layoffs - Bloomberg

October 1, 2024 11:25 AM EDT

(Updated - October 1, 2024 11:29 AM EDT)

Samsung to Cut Thousands of Jobs as Part of Worldwide Layoffs - Bloomberg

Samsung Electronics is laying off workers in Southeast Asia, Australia and New Zealand as part of a plan to reduce global headcount by thousands of jobs.The... More

Pivotal starts Google, Meta stock coverage at Buy

October 1, 2024 10:48 AM EDT

Investing.com -- Pivotal Research Group initiated coverage of Google owner Alphabet (NASDAQ: GOOGL) with a Buy rating, highlighting the company's strong competitive position and potential for growth in cloud computing and AI.

Google, which holds about 90% of the global search market share outside of China, is also recognized for its dominance in video/audio streaming through YouTube and its leading web browser,... More

Citi Cuts Apple (AAPL) iPhone Unit Forecasts by 2M for Sep/Dec Qtr.

October 1, 2024 9:22 AM EDT

Citi 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

Apple may need to turn to China after Indian Tata plant fire, sources say

October 1, 2024 7:35 AM EDT

By Munsif Vengattil

BENGALURU (Reuters) - Extensive damage from a fire at Tata Group's Apple iPhone component plant in southern India could hamper production ahead of a festive season sales surge, an industry watcher and a source said, forcing the U.S. firm's suppliers to arrange critical parts from China or elsewhere.

The weekend blaze has caused an indefinite production halt at Tata's Hosur plant in Tamil Nadu, the only Indian supplier of iPhone back panels and some other parts for both contract manufacturer Foxconn in the country and its own iPhone assembly at another plant.

Hong... More

Apple (AAPL) May Need to Turn to China After Indian Tata Plant Fire - Reuters

October 1, 2024 7:33 AM EDT

(Updated - October 1, 2024 7:36 AM EDT)

Apple (NASDAQ: AAPL) May Need to Turn to China After Indian Tata Plant Fire - Reuters

Extensive damage from a fire at Tata Group's Apple iPhone component plant in southern India could hamper production... More

Barclays on Apple (AAPL): 'Cutting iPhone 16 Builds Likely Indicative of Weak Demand'

October 1, 2024 7:11 AM EDT

Barclays 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

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.04%

September 30, 2024 5:05 PM EDT

Investing.com U.S. stocks were higher after the close on Monday, as gains in the Oil&Gas, Technology and Healthcare sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average added 0.04% to hit a new all time high, while the S&P 500 index added 0.42%, and the NASDAQ Composite index climbed 0.36%.

The best performers of the session on the Dow Jones Industrial Average were Apple Inc (NASDAQ: AAPL), which rose 2.24% or 5.11 points to trade at 232.90 at the close. Meanwhile,... More

Apple: iPhone 16 lead times stabilizing - Morgan Stanley

September 30, 2024 9:56 AM EDT

Investing.com -- According to Morgan Stanley analysts, lead times for Apple (NASDAQ: AAPL)'s iPhone 16 Pro and Pro Max models are stabilizing and even extending, marking an unexpectedly positive development.

The bank said that as of September 27, iPhone 16 lead times remain shorter than those seen in the last three iPhone cycles, but the recent stabilization of the... More

Morgan Stanley Reiterates Overweight Rating on Apple (AAPL)

September 30, 2024 6:03 AM EDT

Morgan Stanley analyst Erik Woodring reiterated an Overweight rating and $273.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Our view on iPhone 16 cycle demand remains unchanged. While we do think the elongation of iPhone 16 Pro/Pro Max lead times is more of... More