Jefferies downgraded Apple stock to 'Underperform' and cut its 12-month price target to $263.66, citing the cancellation of Apple's planned all-glass iPhone for 2027 due to production yield problems and rising memory costs. The analyst forecasts a potential 14.15% drop from current levels. Apple is seeking approval to use Chinese memory chips to mitigate supply issues, but the AI-driven memory shortage continues to pressure production costs. Despite this, Wall Street analysts maintain an average 12-month price target of $334.43, reflecting an expected 8.9% gain if supply challenges ease.
Apple is redesigning its retail stores with three main changes: refurbished 'Avenue' sections for accessories and services, new dedicated areas for online pickups and Today at Apple sessions, and a return to the classic Genius Bar design with an all-...
Elon Musk's companies xAI and X have voluntarily dismissed their antitrust lawsuit against Apple, which accused Apple of favoring OpenAI's ChatGPT in the iPhone's operating system. However, the suit's claims against OpenAI remain active, alleging ant...
Apple has filed a federal court request to access OpenAI's unreleased consumer device, internal communications, and employee records related to allegedly stolen confidential information. The judge will decide how much Apple can investigate before an ...
Apple's stock has risen 22.56% year-to-date, fueled by advancements in Siri AI, a refreshed M5 chip, and record-breaking Services revenue. The company's Q3 FY2026 earnings showed a 16.4% revenue increase to $109.42 billion, with strong iPhone and Ser...
Apple introduced the iPhone Duo, its first foldable smartphone, priced at a premium $2,000, significantly higher than previous flagship models. This launch aims to increase Apple's average selling price and margins, potentially enhancing earnings per...
