Although Apple has never confirmed it's working on a car, UBS says recently filed patents hint the tech giant is working on autonomous vehicle tech.
Apple's iPhone sales won't see a "supercycle," but it doesn't mean the stock isn't worth owning as the tech giant gets into the auto sector, UBS says.
Early iPhone 13 supply-chain estimates and continued strength in Asia can lift shares as high as $225 over the next year, analyst Dan Ives said.
RBC analysts lifted their price target for Apple to a street-high $US171, implying a 25% rally from Friday’s close. The tech giant can unlock a multibillion-dollar business by opening its Wallet app to crypto trading, RBC said. Apple can attract users to the service by buying $US1 billion in bitcoin […]
US stocks closed mixed on Tuesday after Congress passed a multitrillion-dollar spending bill that includes $US900 billion in new stimulus. The package, which also funds the government through September 30, includes $US600 direct payments, $US300 in additional federal unemployment benefits, and aid for small businesses. The fresh fiscal support locked […]
Apple climbed as much as 3% on Tuesday following a Reuters report on Monday afternoon that the tech giant aims to produce electric cars by 2024. The company will aim to compete in the electric vehicle market with battery innovations that improve vehicle safety, packaging, and range, according to the […]
Peloton fell as much as 3% on Tuesday after Apple revealed its rival Fitness+ service will debut on December 14. The service allows iPhone, iPad, and Apple TV owners to access various exercise classes through their devices. Fitness+ will cost $US9.99 per month, undercutting Peloton’s cheapest $US12.99-per-month subscription. Peloton CEO […]
While investors balked at Apple’s worse-than-expected quarterly iPhone sales, analysts are looking past the September quarter and largely optimistic toward the company’s future. The tech giant reported revenue and earnings on Thursday afternoon that beat estimates, but its stock tumbled as phone sales disappointed shareholders. Analysts at major banks praised […]
Apple shares fell as much as 4% in early Friday trading after the tech giant’s fiscal fourth-quarter figures failed to meet analysts’ expectations. The company beat estimates for overall revenue and profit, but iPhone sales landed below hopes. Apple’s updated phone lineup was released roughly one month later than usual, […]
Apple is set to report fiscal fourth-quarter results on Thursday, cluing investors in on how the company performed just before its latest iPhone event. The quarter that ended in September saw Apple introduce new services and update its watch and iPad lineups. The reveal of its first 5G-capable iPhone lineup […]
The Department of Justice’s antitrust lawsuit against Google could pose a risk to Apple’s valuation, according to a Wednesday analyst note from Bank of America. As detailed in the lawsuit, Apple has received up to $US12 billion per year in high margin licensing fees from Alphabet for setting Google as […]
Apple stock slid as much as 4% on Tuesday as the tech giant revealed its first slate of 5G-capable iPhones. The dive erased $113 billion ($US81 billion) from Apple’s market capitalisation at intraday lows before shares pared some losses. Analysts have high expectations for the new phones, with roughly 350 […]
Apple surged 4% on Monday ahead of its Tuesday “Hi, Speed” event, where it’s expected to officially launch its next generation iPhone 12. According to Wedbush, Apple’s iPhone 12 will represent a “once in a decade” launch as it officially kicks off its 5G supercycle. Based on channel checks by […]
Investors should take advantage of the recent sell-off in shares of Apple, as it provides a “compelling entry point” ahead of its upcoming iPhone 12 launch, Morgan Stanley said on Friday. Shares of Apple fell 20% from their September 2 high, outpacing the broader market decline as technology stocks led […]
US equities climbed Tuesday as a tech-led rebound ended the S&P 500’s four-day losing streak. Mega-cap companies including Apple,Facebook, and Amazon pushed indexes higher as investors turned back to the recently sold-off growth favourites. Still, new measures to curb the coronavirus’s spread in the UK revived fears of fresh lockdowns […]
Apple fell as much as 6% on Tuesday, the same day Goldman Sachs doubled down on its “sell” rating for the iPhone maker. Goldman said in a note that while Apple has rallied more than 70% since it turned bearish in April, shares could still fall 34% to its $US80 […]
Jeremy Siegel, Wharton professor of finance, told CNBC on Tuesday that he doesn’t think tech stocks including Apple will outperform in 2021. Siegel said that Tesla, Zoom, and Docusign “got crazy,” while FAANG stocks are more solid but still won’t beat the market next year. “If you’re in the S&P, […]