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Barclays warned on Tuesday that iPhone sales aren't living up to the hype—but that’s not the only factor dragging down America’s most valuable company...
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Barclays downgraded Apple shares (AAPL) to "underweight" citing concerns about iPhone 15 demand, particularly in China. D.A. Davidson Managing Director Gil Luria, who has a "neutral" rating on the stock. Luria says that "growth isn't going to be very fast" for the iPhone or other hardware categories, arguing that Apple focused on growing its Services business. "Unless the [Apple] unclog their innovation rut, then it's going to be very hard for this company to accelerate growth on the hardware side," Luria claims. Oppenheimer & Co. Senior AnalystMartin Yang is more bullish. Yang says that Apple is seeing a "deceleration of Apple's share gain momentum in China and developed markets in recent quarters," but that ultimately that issue will correct itself. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingThe S&P 500 and Nasdaq Composite dropped in the first trading session of 2024, weighed by a decline in Apple shares following a broker downgrade and a brief climb in Treasury yields as investors tempered interest-rate cut expectations. Apple fell 4% after Barclays downgraded the tech giant to "underweight", citing weakening iPhone demand...
Continue ReadingTesla's sales have dramatically increased over the past five years, transitioning from luxury models to the more affordable and high-volume Model 3 and Y, which have become the world's best-selling EVs in 2023...
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The stock market was mixed to start the new year with the Nasdaq hit hard. Cruise line stocks sell off while drug stocks lifted...
Continue ReadingApple shares slumped by as much as 3.3pc after its stock was downgraded by analysts expecting “lacklustre” sales of iPhones...
Continue ReadingBarclays analyst Tim Long says Apple's iPhone sales will continue to be weak throughout 2024...
Continue Reading(Bloomberg) -- Apple Inc. got itself a new bear as expectations of soft demand for its latest iPhone prompted analysts at Barclays Plc to downgrade the stock.Most Read from BloombergIran Sends Warship to Red Sea After US Sinks Houthi BoatsTokyo Runway Collision Leaves 5 Dead, Airbus Aircraft AblazeUS Pressured Netherlands to Block China-Bound Chip MachineryIndia’s Crude Oil Imports From Russia Plunge on Payment IssuesElectric Car Models Eligible for $7,500 Tax Credit Cut to 13Barclays analysts l...
Continue ReadingTech stocks surged in 2023 around AI excitement, but copyright lawsuits could pose a risk as the New York Times (NYT) sues Microsoft (MSFT) and OpenAI over infringement related to using its news articles to train their large language models. Yahoo Finance Tech Editor Daniel Howley reports on the changing landscape for AI development, particularly in response to or in preparation for future legal challenges. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingRallies by the big tech companies lifted the S&P 500 last year, raising concern that the index could fall if that group headed lower...
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