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 has unveiled a redesigned Health app alongside its new Apple Watch Series 12 and Ultra 4. The updated app uses Apple Intelligence to provide personalized health insights, including a readiness score and a "Health Age" metric that compares healt...
Apple introduced the Apple Watch Series 12 and Apple Watch Ultra 4, focusing on software upgrades rather than major hardware changes. Key new features include AI-driven "Audio Intelligence" like Live Rewind to review recent conversations and Siri Rec...
Apple launched the iPhone 18 Pro and iPhone 18 Pro Max featuring a 48MP camera with variable aperture and enhanced low-light performance. Both models use the new A20 Pro chip and improved cooling, with battery life supporting up to 45 hours of video ...
Top chip analyst Paul Meeks warns memory chip prices will remain high for years, impacting even Apple despite its strong product cycles. Apple faces rising costs that hurt its margins, while suppliers like Micron benefit from tight supply and strong ...
Jim Cramer urges buying the Magnificent Seven stocks ahead of AI profits, but market strategist Lo Toney highlights a split: hyperscalers like Google, Microsoft, and Amazon investing heavily in AI infrastructure are trailing the S&P 500, while NVIDIA...
