Apple Inc (NASDAQ:AAPL, ETR:APC) is facing escalating tariff costs and shrinking product margins that could weigh heavily on future profits, prompting analysts at Jefferies to downgrade Apple shares to Underperform. While Apple's March-quarter results modestly exceeded Jefferies' expectations, the firm said the company's outlook and mounting tariff exposure signal further earnings risk ahead.
If Apple Inc. hoped to boost its stock with plans to buy back $100 billion worth of shares, then that mission seems doomed to fail.
Spotify said on Friday that Apple has approved its U.S. app update that will allow users to access pricing information and external payment links. The approval comes days after a U.S. judge ordered Apple to stop charging commissions on purchases through iPhone apps.
On Apple (AAPL), CFRA's Angelo Zino says the "company's executing as well as it can" amid the current macro environment. He points to the "disturbing" and "disappointing" lack of guidance for its Services segment.
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Apple and Amazon were early movers with voice assistants. Their upgrades are panning out differently.
Apple was falling early Friday despite a limited initial hit from the effects of tariffs.
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Apple has changed its App Store rules in the U.S. to let apps link users to their own websites so they can buy subscriptions or other digital goods.
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Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.
Apple released its Q2 earnings report on Thursday, beating revenue and earnings-per-share estimates. The earnings call touched on tariffs, consumer behavior, and legal challenges facing the company.