Apple Inc. is poised to see “upside” if it can execute and show the growth that it saw in its fiscal first quarter, according to J.P. Morgan analyst Samik Chatterjee. Chatterjee has an Overweight rating and a $210 price target. The price target implies an upside of 27.4 percent. “We see the combination of stronger than expected mix as…
How Apple Can Win With a $199 iPhone
Apple, Inc. has several launch events lined up for 2022, if reports are anything to go by. The company is widely expected to announce a budget model of its iPhone as early as March. Will Apple Make a $199 Gamble? Apple could opt to sell its older iPhone SE model at a lower price of…
These Mini Muffins Are so Sweet They Might End up Being the Apple of Your Eye
A good snack to keep on hand, these mini muffins can be stored at room temp for a few days or frozen so you can have them whenever you need them. If the muffins are frozen, thaw them at room temperature, and then refresh them by placing them on a rimmed baking sheet and warming…
EU’s Vestager Says Tech Giants May Prefer Fines to Compliance, Cites Apple
BRUSSELS—Some U.S. tech giants may prefer to pay a fine rather than comply with antitrust rules, the European Union’s antitrust chief said, and cited Apple’s fight with the Netherlands’ competition authority as an example. The Dutch Authority for Consumers and Markets (ACM) imposed a 5-million-euro ($5.7 million) fine on Apple on Monday, the fifth such…
Amsterdam Apple Shop Hostage-Taker Sought 200M-Euro Ransom
AMSTERDAM—A gunman who held a hostage for hours in the Apple Store in Amsterdam demanded a ransom of 200 million euros (more than $226 million) in cryptocurrencies before he was run over by police as he chased his hostage out of the shop, police and prosecutors said Wednesday. The tense, five-hour standoff paralyzed one of…
Exxon Mobil Outperforming Apple? How Energy Sector Volatility Is a Two-Way Street
The energy sector is one of the few places where investors have found safety so far in 2022. While future energy stocks Plug Power Inc. and Enphase Energy Inc. are both down 16 percent year-to-date, shares of legacy oil and gas major Exxon Mobil Corp. are up 28.6 percent so far in 2022. The outperformance of energy…
BofA Analyst Is Bullish on Apple—See Why
Apple Inc will likely see an increase in iPhone sales, thanks to the rollout of 5G networks worldwide and the possibility of augmented/virtual reality glasses coming later this year, Bank of America said. Analyst Wamsi Mohan noted that as the world comes out of the pandemic, replacement cycles for smartphones are “re-normalizing,” pointing out that a…
Nestle Proposes Apple CFO for Election to Its Board
ZURICH—Food group Nestle said on Thursday it was proposing Luca Maestri, chief financial officer at Apple, and Chris Leong, chief marketing officer at Schneider Electric, for election to its board of directors. The elections will take place at the company’s annual general meeting on April 7. Ann M. Veneman will retire from the board, and…
Apple’s Dominance of US Smartphone Market Exceeds 50 Percent Again With iPhone, Samsung Trails Distantly
Apple Inc. boosted its dominance of the U.S. smartphone market in the previous quarter, with Samsung trailing the iPhone maker as a distant second. What Happened Data from Counterpoint Research indicates that iPhone began 2022 on a strong note as it garnered 56 percent of the market share in the fourth quarter of 2021, with…
Why This Apple Analyst Predicts Another ‘Record Year’ From Cupertino
Apple, Inc. started its fiscal-year 2022 with a bang, reporting record first-quarter results for most product categories and geographies. An analyst at Tigress Financial is optimistic that the company can sustain the momentum throughout the year. The Apple Analyst Tigress’ Director of Research Ivan Feinseth reiterated a Strong Buy rating and increased the price target…
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