Vance: Apple (AAPL) Sometimes Benefits From Chinese Slave Labor - CNBC
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September 16, 2024 11:56 AM EDT
Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "Presale for the iPhone 16 lineup went live on Friday night at 5PM PT. Delivery times for the Pro model have increased across all geos we track (US, CN, JP, UK, DE) relative to last year. In aggregate, given the staggered launch of both Apple Intelligence across geographies and AI features we think the mix data set is logical Pro Max is modestly weaker vs. iPhone 15, Pro models are doing... More
September 16, 2024 7:28 AM EDT
Barclays analyst Tim Long reiterated an Underweight rating and $186.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "Early pre-order data from China points to a softer start to the IP16 cycle, with a negative mix shift due to weakening consumer spend, macro pressure and competition. The roll-out of Apple Intelligence in Chinese language is not until CY2025, which may dampen early enthusiasm for IP16. Top takeaways are below: 1. Based on our conversations with distributors and analysis of pre-order figures on major Chinese e-commerce... More
September 16, 2024 7:27 AM EDT
BofA Securities analyst Wamsi Mohan reiterated a Neutral rating and $256.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "Our tracking of iPhone ship dates on Apples own website, and various carrier websites, indicates that as of Sep 16th (3 days after preorders started... More
September 16, 2024 7:02 AM EDT
Apple (NASDAQ: AAPL) Shares Decline ~2% Premarket Following Analyst Kuo Comments
iPhone 16 first weekend pre-order analysis: estimated total sales of about 37 million units; Pro series demand lower than expected (LINK)
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