The strong sales of Apple’s AirPods and Apple Watches will come as a “surprise” to investors when the company reports its fiscal first-quarter earnings in early 2020, Citi analyst Jim Suva told CNBC on Monday. And it is why Apple’s stock will continue to move higher next year toward his $300 price target, he said. “Some … Read more AirPods and Watch sales will continue to drive Apple’s stock higher in 2020, Citi’s Jim Suva says
A pair of reports this week detail Apple’s ongoing struggles in India, but also note a point of hope for the company. The Economic Times reports that iPhone sales continue to fall in India, but that India regulators are looking to ease local sourcing rules – which could help Apple’s efforts to open retail stores in the country. … Read more iPhone sales continue to fall in India, but Apple could benefit from upcoming regulatory change
Apple (NASDAQ:AAPL) has big trouble in Greater China. In early January, the company issued an updated forecast before its first-quarter earnings report, lowering its guidance by a whopping $5 billion. While the shortfall was the result of several factors, the greatest contributor to the decline was economic weakness in China. The company also faced currency headwinds due to a … Read more Apple Earnings Preview: Will Its China Problem Continue?