Is Apple starting a bad year? Bank of America is firmly optimistic: it is the “2024 Preferred Stock”!

① Bank of America believes that Apple has a “rich catalyst path and defensive cash flow”; ② the bank rated Apple stock as a buy, with a target price of $225; ③ Bank of America listed Apple as the “2024 Preferred Stock” in its latest report.

cls.cn09:28

iPhone sales in China fell sharply by 19%, will AI become a breakthrough keyword for Apple (AAPL.US)?

According to statistics from a well-known independent research institute, consumer electronics giant Apple (AAPL.US) iPhone series sales in the Chinese market fell by 19% in the first quarter up to March. This is the worst performance of Apple iPhone in a single quarter in the Chinese market since the COVID-19 outbreak around 2020. The financial agency Wedbush said that Apple's upcoming global WWDC in June will be a “critical moment” for the tech giant's AI ambitions. It is expected that Apple will achieve an AI smartphone through the iPhone 16 scheduled to be launched in September this year

Zhitong Finance6minutes ago

Apple's sales in China plummeted by 19%? Damo is still raising performance expectations: other markets are growing strongly

① Counterpoint estimates that Apple's iPhone sales in China fell 19% in the first quarter (January to March of this year), the worst quarterly performance since 2020; ② Morgan Stanley said its survey and latest estimates showed that demand for Apple iPhones was generally stable in the second fiscal quarter, and strong growth in emerging markets (other than China) partially offset the decline in the Chinese market.

cls.cn9minutes ago

UBS downgraded the rating of the “Big Six” in US technology stocks. Goldman Sachs: The performance threshold required to maintain gains is very high

Analysts say Google's parent companies Alphabet, Apple, Amazon, Meta, Microsoft, and Nvidia, which are the six tech stocks, are losing momentum, and past profit momentum is facing cooling, downgrading the six companies' shares from “overallocated” to “neutral.” Goldman Sachs analysts also warned that if technology stocks want to maintain their gains this week, the performance threshold they need to reach this earnings season is very high, and it will not be easy to reach them.

wallstreetcn07:28

Express News | Derun Electronics responds to being removed from the supply chain by Apple: it is not expected to have an impact on the company's revenue

Breakings25minutes ago

Social Buzz: Wallstreetbets Stocks Mostly Higher Pre-Bell Tuesday; Nvidia, Super Micro Computer to Advance

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly higher hours before Tuesday's opening bell. Nvidia (NVDA) was up 1.4% in premarket activity, still advancing after closin

MT Newswires51minutes ago