Jefferies downgraded Apple from Hold to Underperform with a $263.66 target, citing rising memory costs and the cancellation of an all-glass iPhone. However, Apple just reported its strongest June quarter ever with revenue up 16.4% to $109.42 billion and record iPhone and Services sales, defying the downgrade thesis. Analysts and insiders dispute the cost concerns and confirm the all-glass iPhone redesign is still on track for 2027. Despite Jefferies' bearish stance, most market consensus remains positive with a higher average price target and strong institutional buying, reflecting confidence in Apple's growth and product pipeline.
Apple shares trade around $305, supported by aggressive buybacks and a growing Services segment, but face pressure from high valuation and supply chain challenges. The company posted strong revenue growth of 16% year-over-year, yet the stock has pull...
Apple reported a record $30.7 billion in Services revenue for the June quarter, up 12% year-over-year, driven by strong iPhone sales and the global rollout of an enhanced Siri AI assistant. CEO Tim Cook expressed high enthusiasm for Siri AI, which is...
Apple has submitted a new proposal for commissions on purchases made through external links in iOS apps, suggesting a 15% fee for standard apps and reduced rates for small developers and special programs. Small businesses would pay 5%, while particip...
Jefferies downgraded Apple stock to sell amid concerns over high valuation, a modest recent quarter, and the cancellation of an all-glass iPhone. However, Apple’s AI advancements, including on-device AI and personalized intelligence, are seen as key ...
Apple announced a $60 billion manufacturing facility in Houston, Texas, focusing on Mac mini production and a manufacturing school, marking a key moment before CEO Tim Cook steps down on Sept. 1. The investment is part of Apple's broader U.S. commitm...
