7 Apple Analysts Size Up Q4 Earnings: iPhone Strength, China Fears Overblown, Buy On The Dip Like Buffett
Portfolio Pulse from Chris Katje
Apple Inc (NASDAQ:AAPL) reported strong Q4 results, with analysts highlighting the strength of iPhone sales and the acceleration in Apple's Services revenue. However, concerns were raised about the deceleration of iPad, Wearables and Accessories due to product launch timing, and the potential for a weak iPhone cycle impacting revenues for the December quarter. Analysts from Goldman Sachs, Oppenheimer, Wedbush, Rosenblatt, Raymond James, Needham, and Bernstein provided their ratings and price targets for Apple.
November 03, 2023 | 4:33 pm
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Apple's strong Q4 results, particularly in iPhone sales and Services revenue, have led to positive ratings from several analysts. However, concerns about future growth could impact the stock price.
Apple's Q4 results were strong, with particular emphasis on iPhone sales and Services revenue. However, analysts have raised concerns about the potential for a weak iPhone cycle impacting revenues for the December quarter, and the deceleration of iPad, Wearables and Accessories due to product launch timing. These factors could have a neutral impact on the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100