Apple has increased its efforts to develop its own search technology as competition authorities in the U.S. and Europe question its deal with Google which pays Apple billions of dollars a year to make its search engine the default option on Apple devices. In a little-noticed change to the latest version of the iPhone operating […]
TF Securities analyst Ming-Chi Kuo estimates Apple notched between 7 million and 9 million combined iPhone 12 and 12 Pro pre-orders over launch weekend, and those numbers will only rise with a start to iPhone 12 Pro Max and mini sales in November. To read the rest of the article, click here.
Advising to buy Apple on the dip, Morgan Stanley analyst Katy Huberty reiterated an Overweight rating and $130 price target on Apple. In her note to clients, Huberty spotlighted positive data points for the company that provide a “compelling entry point” ahead of the new iPhone launch. To read the rest of the StreetInsider article, […]
“[W]hile shares of Apple typically outperform the market in the months leading to an iPhone launch, subsequent to the launch, shares have historically underperformed the market,” Vogt wrote. The stock is trading at 29 times his estimates for earnings per share over the next 12 months, and it trades at 1.5 standard deviations about its […]
