Piper's Munster Lowers Apple (AAPL) Estimates; Remains Top Pick

Apple Watch Seeing Tepid Interest, But Not a Failure - UBS (AAPL)

January 12, 2016 12:17 PM EST

The latest from UBS's Evidence Lab on the Apple Watch confirmed what many already knew... demand for the new device is mediocre. Data showed Fitbit search interest this Holiday season nearly doubled the Apple Watch globally, perhaps due to the Watch's premium price. That said, Apple Watch interest is higher than for Apple TV and Beats.

Despite the tepid results, the firm... More

Apple's (AAPL) Price Target Reduced to $105 from $125 at Deutsche Bank

January 11, 2016 10:01 AM EST

Deutsche Bank maintained a Hold rating on Apple (NASDAQ: AAPL) and lowered its to $105.00 (from $125.00). Analyst Sherri Scribner said slowing smartphone growth, weaker China and GM headwinds limit upside.

"We expect C4Q-15 iPhone units to come in roughly in line with our... More

Susquehanna Cuts PT on Apple (AAPL) but Says The Worst May Be Over

January 11, 2016 8:43 AM EST

Susquehanna Analyst, Chris Caso, cut his price target on Apple (NASDAQ: AAPL) on expectations for weaker iPhone sell through to $140 from $155. With the stock near $100, he expects that investors will soon begin to focus on the iPhone 7 launch catalyst later this... More

Mizuho Securities Upgrades Apple (AAPL) to Buy; Missing the Forest for the Trees

January 10, 2016 7:19 PM EST

Sunday evening, Mizuho Securities upgraded Apple (NASDAQ: AAPL) from Neutral to Buy but adjusted its price target lower to $120 from $125. Analyst Abhey Lamba said investors are missing the forest for the trees.

Lamba said the current short-term focus on supply chain data points and weakness in China have... More

Apple (AAPL) Supply Chain Data Suggests December and March Numbers at Risk, Says Bernstein

January 8, 2016 3:19 PM EST

Apple (NASDAQ: AAPL) was in focus Friday after suppliers Cirrus Logic, Inc. (NASDAQ: CRUS) and Qorvo (NASDAQ: QRVO) issued profit warnings yesterday. Negative pre-announcements follows a serious of ominous signs from suppliers over the past several weeks, noted analyst Toni Sacconaghi, an analyst at Bernstein.

Sacconaghi pointed out that many of the suppliers have growth rates that are reasonably correlated with Apple. Overall, the thinks Apple's December and March numbers are likely at risk.

"We examined the historical... More

Wall St. bets on Apple bounceback despite iPhone shipment worries

January 8, 2016 9:36 AM EST

By Lehar Maan

(Reuters) - Apple Inc (NASDAQ: AAPL) has lost about $50 billion of its market value in the first four days of the year, but Wall Street brokerages remained confident the stock would bounce back.

While several brokerages reduced their price targets in response to reports of slowing shipments of the iPhone 6S and 6S Plus, they backed their mostly upbeat recommendations.

The most bearish of the six brokerages lowering their targets on Friday was Cowen and Co,... More

Canaccord Genuity Believes Soft Orders From Apple (AAPL) Could Hurt Skyworks Solutions (SWKS) - Cut PT to $110

January 8, 2016 8:35 AM EST

Canaccord Genuity reiterated a Buy rating on Skyworks Solutions (NASDAQ: SWKS), and cut the price target to $110.00 (from $120.00), as Apple (NASDAQ: AAPL) anticipates softer 1H/C2016 iPhone and overall smartphone sales. Canaccord believes that the reduced orders from Apple near the end of the December quarter, combined with ongoing weak global smartphone sales trends, could create a greater... More

Cowen Trims PT, Ests on Apple (AAPL) Following Supplier Updates

January 8, 2016 8:31 AM EST

Cowen and Company trims its price target on Market Perform-rated Apple (Nasdaq: AAPL) from $130 to $125 following guidance updates from suppliers Qorvo and Cirrus Logic.

Analyst Timothy Arcuri commented: Based on ~$4 of content for QRVO and ~$2.25 for CRUS, we estimate this... More

Canaccord Genuity Cuts Estimates, PT on Apple (AAPL)

January 8, 2016 8:23 AM EST

Canaccord Genuity analyst T. Michael Walkley lowered estimates and his price target on Buy-rated Apple (NASDAQ: AAPL) to $146.00 (from $160.00) on softer than anticipated 1st-half iPhone and overall smartphone sales.

Walkley commented, "Given weak trends from suppliers into iPhones and the smartphone market combined with our global smartphone work suggesting flat to slightly down global Q4/2015 smartphones sales, we are... More

Apple (AAPL) Supplier Warnings Suggest March Quarter Unit Weakness - RBC Capital

January 8, 2016 7:53 AM EST

RBC Capital analyst Amit Daryanani weighed in on Apple (NASDAQ: AAPL) two key AAPL suppliers - Cirrus Logic and Qorvo - warned after the close. This suggests weakness will be seen in the Mar-qtr for Apple units.

Cirrus Logic, who provided preliminary... More

Apple (AAPL) Could See Double-Digit iPhone Shipment Decline in Q1

January 8, 2016 7:14 AM EST

Apple (Nasdaq: AAPL) is on watch following another cautious report out Friday.

Digitimes sees iPhone shipments dropping 5.2 to 10.1 percent in CQ116 on weaker-than-expected... More