Apple delivered Q1 results above expectations, driven by strong iPhone and services growth, particularly in China. I raise my price target to $293.08, indicating 12% upside, with a more optimistic scenario at $324.05 (24% upside) based on FY27 earnings. AAPL expects Q2 sales growth of 13%-16%, with gross margins of 48%-49% and continued double-digit services growth.
Apple's latest product strategy isn't about cutting-edge technology. It's about being more—and less—affordable.
Analysts at Bank of America reinstated coverage of Qualcomm Inc (NASDAQ:QCOM, XETRA:QCI) on Tuesday with an ‘Underperform' rating and a $145 price target, pointing to modest long-term growth expectations and several competitive and customer-related headwinds. Shares of Qualcomm traded hands at about $135 on Tuesday afternoon.
Recently, Zacks.com users have been paying close attention to Apple (AAPL). This makes it worthwhile to examine what the stock has in store.
Still one of the most important names in the tech space, Apple ( NASDAQ:AAPL | AAPL Price Prediction) shares are down 6.5% over the past month, trading around $256 as of Monday.
AI-related issues have reportedly delayed the long-awaited launch of Apple's smart home display device.
Apple is now manufacturing 25% of its iPhones in India — hitting a milestone JPMorgan predicted back in 2022 — as part of its long-term plan to reduce its reliance on China, Bloomberg reported.
Apple's proposed changes to its app tracking rules do not resolve antitrust issues in the mobile advertising market, associations representing German publishers and advertisers said on Tuesday as they urged the country's antitrust authority to slap a fine on the U.S. tech giant.
TrendForce, which tracks global smartphone shipments and production, reports that Samsung's production matched Apple's (NASDAQ: AAPL | AAPL Price Prediction) last year.
Sunday nights are never happy. Most investors are preparing to head to work tomorrow, but tonight is especially tough.
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