News Formal

Analysts stand by Apple, say iPhone maker's 'flywheel keeps spinning' despite disappointing earnings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Despite Apple's near-term headwinds, analysts aren't giving up on shares just yet.

Analysts aren't giving up on Apple despite the tech giant's near-term headwinds. The iPhone maker on Thursday posted its largest quarterly decline in revenue since 2016 . It also posted weaker-than-expected results in multiple areas as it grappled with a strong dollar, macro issues and production problems in China that constrained iPhone 14 Pro and Pro Max production.

mountain Apple falls after disappointing earnings But Apple isn't out of the macro woods just yet, according to some analysts. Bank of America's Wamsi Mohan retained a neutral rating on shares, saying concerns such as lower consumer spending and tough year-over-year comparisons outweigh the near-term positives. The disappointing print, may, however, offer a much needed reset and solid setup for 2024, said Bernstein's Toni Sacconaghi. "We net out mixed on Apple's results.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Demand has slowed.

Including this in our investing newsletter today 👇

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Apple Misses Earnings Expectations, But Sets Revenue Record For Services BusinessApple Services, which encompasses Apple TV+, Apple Music, Apple Arcade and more, came in at $20.8 billion for the three months ended Dec. 31, up from $19.5 billion a year earlier.
Källa: THR - 🏆 411. / 53 Läs mer »

Most analysts are sticking with AMD even after 'partly cloudy' fourth-quarter earningsAnalysts have mixed opinions on AMD's outlook, after the company released its fourth-quarter earnings on Tuesday.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Beware of tech stocks — these cash-rich names are a better bet, analysts sayAnalysts say companies with pricing power are a safer bet than tech, given that inflation is expected to stay high and the uncertainty around a Fed 'pivot.' Good thing Tesla is a car company. Whew… dodged a bullet! 😰 So buy tech. Got it.
Källa: CNBC - 🏆 12. / 72 Läs mer »