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Iphonesales

All articles tagged with #iphonesales

business-and-finance2 years ago

"Apple Faces Multiple Downgrades Amid Persistent iPhone Sales Concerns"

Apple Inc. has faced a second downgrade in a week due to concerns over iPhone sales, particularly in China's weak macro environment. Analyst Harsh Kumar from Piper Sandler downgraded Apple to neutral, while Barclays analysts also turned bearish earlier in the week. Apple's buy-equivalent ratio is at a three-year low, with fewer bullish recommendations compared to other big tech companies. Despite a strong rally last year, Apple's stock has declined early in 2024, with a significant loss in market value. Wall Street's outlook on Apple is cautious, contrasting with the generally bullish sentiment on big tech.

via Yahoo Finance|
##apple#business-and-finance
business-and-finance2 years ago

"Apple's Market Woes Deepen with Downgrade and iPhone Sales Concerns as Shares Hit New Low"

Apple's stock experienced a significant drop after Barclays downgraded the company due to persistent iPhone sales weakness, particularly in China. The analyst predicts that the trend will continue with the iPhone 16, as it is not expected to have major upgrades. Apple's services business is also facing challenges, including regulatory pressures on App Store practices and its deal with Google. Despite these issues, Apple's upcoming AR/VR headset, the Vision Pro, could represent a new opportunity for growth in the tech industry.

via Yahoo Finance|
##apple#barclays
business-and-finance2 years ago

"Apple's Market-Cap Plummets by $100 Billion Amid iPhone Sales Concerns"

Apple's market cap plummeted by over $100 billion following a downgrade by Barclays analyst Tim Long, who cited weak iPhone demand and lackluster features in the upcoming iPhone 16 as reasons for the underweight rating. This rare negative rating, alongside broader tech market weaknesses, geopolitical tensions, and regulatory challenges, has contributed to investor concerns and a significant drop in Apple's stock price.

via Fortune|
##apple#business-and-finance
business-and-finance2 years ago

"Apple's Stock Tumbles Amid Persistent iPhone Concerns and Market-Wide Tech Rout"

Apple's stock fell by 3% following a Barclays report predicting continued iPhone sales weakness, particularly in China, and a lackluster outlook for the iPhone 16. The company's revenue from iPhone sales dropped by $5 billion in 2023 compared to 2022, and sales of Macs, iPads, and wearables also declined due to economic pressures. Despite growth in Apple's services business, Barclays anticipates a slowdown in this area as well. Apple is also engaged in a patent dispute with Masimo over the Apple Watch's blood oxygen sensor technology. However, Apple's upcoming Vision Pro AR/VR headset could represent a significant opportunity for the company in the emerging spatial computing market.

via Yahoo Finance|
##apple#barclays
business-and-finance2 years ago

"Apple's Shares Plunge Following Barclays' 'Sell' Recommendation"

Apple Inc.'s stock experienced its largest drop in four months following a downgrade to 'sell' by Barclays analyst Tim Long, who cited disappointing iPhone 15 sales and a general weakness in Apple's hardware sales, including Macs, iPads, and wearables. Long adjusted his price target for Apple's stock to $160, indicating a potential 14.6% decline, as he anticipates continued sales struggles and advises investors to be cautious with the stock that had outperformed in 2023 despite revenue misses.

via MarketWatch|
##apple#barclays
business-and-finance2 years ago

"Apple's 2023 Stock Struggles Amidst Historic Revenue Decline and Valuation Challenges"

Apple experienced its longest revenue decline in 22 years, with four consecutive quarters of falling sales, despite achieving a total revenue of $383 billion and a profit of $97 billion in fiscal 2023. The company's stock underperformed compared to other tech giants like NVIDIA and Meta, and it faced challenges in hardware sales, with significant drops in iPad and Mac revenues. However, strong iPhone sales and a robust Services division, which could be worth up to $1.6 trillion in 2024, offer a counterbalance. Apple also plans to push its high-end mixed-reality headset, the Vision Pro, in the face of stiff competition and a slowing global economy.

via Wccftech|
##apple#business-and-finance