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Forbes
36 minutes ago
- Forbes
Nike's Debut Lego Brick Playset Sells Out In Minutes, Strengthening Nike's Youth Appeal
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Yahoo
an hour ago
- Yahoo
Apple (AAPL) Rises After Jefferies 'Upgrade' on 15% iPhone Sales Surge
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Yahoo
2 hours ago
- Yahoo
One Apple Bear Just Threw in the Towel With This Upgrade. Is It Time to Buy AAPL Stock?
Apple (AAPL) stock has been a notable laggard in 2025, with the shares down approximately 16% year-to-date - significantly underperforming its Magnificent 7 tech peers amid concerns over iPhone sales and perceived artificial intelligence (AI) development delays. Today, though, Jefferies analysts led by Edison Lee upgraded AAPL to 'Hold' from 'Underperform,' based on expectations for a 'potential upside surprise' in third-quarter iPhone sales growth. However, while the brokerage firm raised its Q3 iPhone sales forecast to 49.4 million units, the analysts simultaneously cut forecasts for Apple's crucial September quarter by 11% to 46.3 million. Microsoft Stock Is Headed for $4 Trillion. Is It Too Late to Buy MSFT Here? Is UnitedHealth Stock a Buy, Sell, or Hold for July 2025? Is Palantir Stock a Buy at New Record Highs? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! AAPL stock is trading slightly higher this morning after closing Tuesday at a 6-week high, just above its upper Bollinger Band. Recent gains have been primarily driven by reports that Apple is considering partnerships with Anthropic or OpenAI to enhance Siri's capabilities, which would represent a significant strategic pivot from Apple's traditional in-house development approach. Apple's core business faces multiple headwinds, with reports today suggesting its efforts to diversify manufacturing efforts to India have encountered resistance from Beijing, with hundreds of Chinese engineers being recalled from iPhone factories. At the same time, production forecasts for the iPhone 17 are tracking approximately 9% below iPhone 16 levels, raising concerns about future growth prospects. Additionally, the implementation of new tariffs could potentially impact earnings by 7%, though Apple has committed to significant U.S. investment of $500 billion over four years. Despite these challenges, Apple's Services segment continues to demonstrate robust growth, boasting over 1 billion paid subscribers and achieving 11.6% year-over-year revenue growth to $26.65 billion in the latest quarter. However, this success coincides with increasing regulatory scrutiny, as evidenced by a federal judge's recent decision to allow an antitrust lawsuit targeting Apple's "walled garden" ecosystem to proceed. The company's high-margin revenue streams from Services could face pressure from regulatory interventions, particularly regarding App Store practices and its lucrative Google (GOOG) (GOOGL) search deal. The market's response to Apple's evolving AI strategy and its ability to navigate manufacturing challenges will likely determine near-term performance. Looking ahead, Apple's success will largely depend on its ability to execute its AI integration plans, maintain iPhone sales momentum, and effectively manage ongoing regulatory and trade policy challenges while sustaining its ecosystem advantages. The stock is rated a 'Moderate Buy' on Wall Street, but AAPL's premium valuation (at 29 times forward adjusted earnings) suggests there's no real discount to be had at current levels, despite the recent underperformance. While AAPL investors likely have no cause for immediate concern, there doesn't seem to be an immediate catalyst to buy shares at these levels, either. This article was generated with the support of AI and reviewed by an editor. On the date of publication, the editor had a position in: AAPL. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
