Apple’s China and iPhone ‘concerns’ are overdone – Wedbush
iPhone 16 Pro and iPhone 16 Pro Max feature a 48MP Fusion camera, a 48MP Ultra Wide camera, and the 5x Telephoto camera.
Concerns over Apple’s challenges regrading iPhone sales in China persisted on Thursday as the AAPL’s difficult beginning to 2025 intensified.
The company has experienced a decline in market share for its flagship product in China, and it also relinquished its title as the world’s most valuable company to Nvidia, the chip maker. However, Wedbush analyst Daniel Ives maintains an optimistic outlook on Apple, arguing that growth in the U.S. and other global markets compensates for iPhone concerns in China.
Apple fears are overdone and a turnaround is just around the corner, Ives, a long-term Apple bull, said in a Wednesday note, reiterating an Outperform rating on the stock with a price target of $325.
With Apple Intelligence being rolled out in a phased strategy the iPhone 16 upgrade cycle is the start of a massive growth renaissance at Apple,” he said as he predicts that about 20% of the world’s population will access artificial intelligence through an Apple device over the coming years.
The next big catalyst for Apple will be Thursday next week when it’s set to report quarterly earnings.
MacDailyNews Take: We love overdone Apple “concerns.” We’ve found them to be extremely profitable over the years.
As we wrote on January 3rd, the late-December-early January pump and dump ahead of earnings is in full operation.
China and iPhone “concerns” have long been a favorite theme for those looking to knock down AAPL.
For example, here’s how late 2024/early 2025’s “knock it down, accumulate, profit” story unfolded:
• Apple’s iPhone, other foreign smartphone sales in China drop 44.25% YoY in October – November 27, 2024
• IDC: Apple iPhone is No.1 in China smartphone market for first time ever – January 25, 2024
• Apple beats the Street on top and bottom lines – February 1, 2024
Apple reports first fiscal quarter (Q125) results on January 30th right after the closing bell. As always, we’ll have Apple’s results for you as soon as they are released. Just visit our home page right around 1:30pm PT / 4:30pm ET on Thursday, January 30th.
As we’ve long said, Wall Street is a game: play it well or don’t play it at all. – MacDailyNews, March 20, 2007 (on which day AAPL closed at the split-adjusted price of $2.79 per share)
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