Apple Inc iPhone production could surprise to the upside this quarter, Morgan Stanley analyst Katy Huberty notes, as lead times are declining to “more normalized levels.” Citing a “handful” of data points that the firm has seen over the past month, Huberty mentions that the supply of semi-related components is improving, and iPhone builds in the December quarter…
Apple to Temporarily Close Eight Stores Amid Omicron Fears
Apple announced on Dec. 23 that it has temporarily closed at least eight retail stores in the United States and Canada since Dec. 22, as cases of the Omicron variant surged among customers and employees, according to an article from Bloomberg. Apple closed stores in The Gardens Mall in Palm Beach, Dadeland in Miami, Lenox Square…
Citi Bumps Up Apple Price Target By 18 percent; Remains Bullish
Citi analyst Jim Suva bumped up the price target on Apple Inc to $200 from $170 and reiterated a Buy. The new price target implies an upside of 15.6 percent. Suva notes that demand for Apple’s products and services should be “resilient” in FY22, following market share gains in 2021. Suva thinks Apple’s current market value fails to fully…
Apple Sees 33 Percent Drop in AirPods, Beats Shipments but It Continues to Dominate Wireless Audio
Apple Inc maintained its lead in the global True Wireless Stereo (TWS) segment despite suffering a drop in shipments in the third quarter. The Tim Cook-led company shipped 17.8 million units of its AirPods, AirPods Pro, and Beats wireless buds under the TWS category in Q3 2021, as per market analyst firm Canalys on Tuesday in a statement. This is a decline…
Apple Makes Masks Mandatory at US Retail Stores
Apple Inc. will require all customers and employees to wear masks at its U.S. retail stores, the iPhone maker said on Tuesday. Last month, Apple had scrapped its mask mandate for customers at more than 100 of the company’s about 270 stores across the United States, according to Bloomberg News, as coronavirus cases declined. “We…
Will Apple Hit $3 Trillion Market Cap This Week?
After a not-so-enterprising first-half of the year, Apple Inc. shares began picking up steam in the second-half. An analyst at Wedbush said Sunday, Cupertino is inching closer to a milestone. Apple on Doorstep of $3 Trillion Market-Cap Apple is on pace to become the first $3 trillion market-cap company this week, as investors begin to…
Apple Inches Closer to $3 Trillion Market Cap
Apple Inc is within striking distance of a $3 trillion market capitalization, a milestone that would make it as big as the world’s fifth-largest economy after Germany, just over a year after breaching the $2 trillion mark. Shares of Apple were up 1.6 percent at $174. They need to trade at $182.85 to hit the…
Apple Melts up Into Blue Skies: Is the Stock Headed for $200?
Apple Inc. was trading up 3.5 percent and made a new all-time high on Tuesday as it led the S&P 500 up 2 percent higher by mid-day. Apple has been the strongest of the tech giants recently, making a series of new all-time highs over the past 13 trading days despite the general markets experiencing…
Apple Warns Thai Govt Critics of ‘State-Sponsored Attacks’ on iPhones
At least six activists and researchers critical of Thailand’s government were issued an alert on Wednesday from Apple Inc that warned them that it believed their iPhones had been targeted by “state-sponsored attackers.” Prajak Kongkirati, a political scientist at Bangkok’s Thammasat University, said he received two emails from Apple stating that it was believed that…
Credit Suisse Bumps up Matterport Price Target by 36 percent, Thanks to Apple
Credit Suisse analyst John Walsh raised the price target on Matterport Inc to $34 from $25, implying a 25 percent upside, and kept an Outperform rating on the shares. The analyst is removing his previous split multiple valuations for Matterport as he expects 86 percent of revenue to be Annual Recurring Revenue (ARR) in 2025….
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`