Analysts expect Apple to give a slow forecast for the current quarter, and its shares are down about 10% so far this year, underperforming its peers and the broader market.
"AAPL has de-rated significantly amid a weak iPhone 15 cycle and fears that Apple's China business is structurally impaired," Bernstein analyst Toni Sacconaghi wrote in a note last week. He has an outperform rating on the stock. Wells Fargo analyst Aaron Rakers said in a March note that iPhone sales could be down 20% on an annual basis during the quarter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple Online Services Experience OutageApple’s online services, including the App Store, Apple TV, and Apple Music, are currently experiencing an outage. The issue is also affecting other services such as Arcade, Audiobooks, Books, Podcasts, Fitness Plus, and Apple Sports app. Users have reported problems with accessing TestFlight and Apple Business Manager as well. Apple is aware of the issue and is investigating.
Source: verge - 🏆 94. / 67 Read more »
Apple App Store outage resolved after over an hourApple announced that its App Store is now working again on iOS and MacOS devices following an outage that lasted for more than an hour. The company receives a commission from individual app purchases and in-app transactions. Apple's other services, including Apple TV+, Apple Music, and Apple Podcasts, also experienced technical issues. This comes during a challenging period for Apple, as its shares have declined while the S&P 500 index has gained.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Apple Watch Series 10 (Apple Watch X): Everything We Know So FarIn late 2024, Apple is expected to introduce the Apple Watch Series 10 – or Apple Watch X. This smartwatch will mark ten years of Cupertino in this market. Here’s everything we know about this product, including specs, release date, price, watchOS 11, and more.
Source: BGR - 🏆 234. / 63 Read more »