Apple (AAPL) Expects Income Tax Charge Of Up To About $10B In 4Q
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Jefferies says 'a lack of incentive-driven sales push' may hurt iPhone 16 momentum
September 11, 2024 9:32 AM EDTJefferies analysts raised concerns about the potential impact of Apple's (NASDAQ: AAPL) reduced trade-in values on iPhone 16 sales momentum.
In their latest note, the firm says Apple has cut trade-in values for existing iPhone models across five major markets, with the biggest reductions seen in China.
"Our tracking shows that trade-in value of existing iPhone models (12 to 15 series) has fallen YoY across the five major markets, suggesting downside risk of iPhone 16's sales momentum on launch," said... More
Citi Reiterates Buy Rating on Apple (AAPL) Following Ireland Tax Ruling
September 10, 2024 11:44 AM EDTCiti analyst Atif Malik reiterated a Buy rating and $255.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "On Sep 10, 2024, Europes top court ruled against Apple to pay 13Bn ($14.4Bn) in back taxes to Ireland, marking the end of the 10-year... More
Evercore ISI on Apple (AAPL) Order to pay back taxes in Ireland: 'the final impact while not ideal, does not impact our fundamental valuation'
September 10, 2024 10:31 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "ALL YOU NEED TO KNOW: Apple has been ordered by the European Court of Justice to pay ~$14B in back taxes related to a case over whether Ireland provided state aid to Apple via tax rulings in 1991 and 2007. Apple has filed an 8-K... More
