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After Apple’s better-than-feared fiscal second-quarter earnings report, a J.P. Morgan analyst hiked the firm’s AAPL price target from $210 to $225 per share while maintaining an “overweight” rating. Lee Samaha for The Motley Fool: ‎ The upgrade follows a good set of results from the company that allayed fears over lagging iPhone sales, particularly in China. That might sound surprising in light of the fact that iPhone sales did decline 10.4% year over year in the quarter to $45.96 billion. However, as management noted on the earnings call, last year’s fiscal second-quarter iPhone revenue was boosted by a “one-time impact” that added $5 billion to its sales, as it filled pent-up demand resulting from pandemic-related supply chain disruptions. Apple CEO…
Some investors might worry that Apple carries $108 billion of long-term debt on its balance sheet. That debt figure alone would qualify as the world’s 139th-most-valuable company. Can Apple afford this massive amount of debt? Neil Patel for The Motley Fool: ‎ Investors can look at some key metrics to determine whether a business is able to handle its debt burden. When scrutinizing Apple in this regard, it’s clear that the company has absolutely no problem at all with its borrowings. Apple’s debt ratio of 31% (comparing its debt to assets) has actually come down in recent years. And it demonstrates that there are ample assets backing the company. The business generated an incredible $114 billion in operating income in…
Apple stock continues to underperform the market, but one Wells Fargo analyst recommends buying the dip ahead of some potential positive catalysts, even if shares fall after its Q224 earnings release after market close on Thursday, May 2nd. Angela Palumbo for Barron’s: ‎ Apple stock has fallen 14% so far this year while the S&P 500 has gained 4.1% as analysts have concerns over the company’s struggles in China, a lack of clarity over new general artificial intelligence projects, and competition with lower priced offerings. Shares have dropped for each of the last five trading days alone. Wells Fargo analyst Aaron Rakers has chosen to remain bullish on the stock despite its recent underperformance, and wrote in a research note…
Apple faces a litany of challenges that have weighed on Apple stock, including missing the GenAI revolution, an antitrust lawsuit by the U.S. Department of Justice, CCP-controlled China, and more. Still, after being knocked down below $170, some investors might be wondering if AAPL is a buy right now. Patrick Seitz for Investor’s Business Daily: ‎ Wall Street analysts said the [DOJ’s antitrust] case will be a headline risk for Apple, which has a good chance of beat the rap. But the lawsuit could take three or four years to wind its way through the legal system. Other issues weighing on Apple stock include weak iPhone sales in China and legal problems over its App Store policies in Europe. Investors…
Apple CEO Tim Cook Apple CEO Tim Cook’s recent all-smiles charm offensive in China is the latest in a long parade of Western business leaders in recent decades seeking to shore up access to the Chinese market and consumer. It’s an outdated playbook, writes China policy expert Dewardric McNeal. Dewardric L. McNeal for CNBC: ‎ There’s been a recent uptick in U.S. CEOs making treks to China in search of favor and foothold. This ritual, epitomized by high-profile engagements — such as Apple CEO Tim Cook’s effusive overtures and statements of commitments to China — signals that American corporate titans think the strategy can still work. It won’t. It’s a strategic play drawn from an antiquated playbook. Tim Cook’s recent…
Apple’s current 11- and 12.9-inch iPad Pro models According to a report from HanKyung, Apple will reveal its next-gen iPad Pro series in March 2024 at the earliest. It’s expected to come in two sizes, 11 inches, and 12.9 inches, featuring OLED panels supplied by LG Display and Samsung Display. DIGITIMES reports that Apple is preparing to move some 8.5 million OLED iPad Pro units this year. But new hardware alone, Ars Technica‘s Andrew Cunningham writes, won’t solve iPad’s issues. Andrew Cunningham for Ars Technica: ‎ We’ll talk about the specifics of these iPad rumors momentarily, but reading about them got me thinking about what it would take to make me consider an upgrade for either of the iPads currently…
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