Saturday, 20 July, 2019


Apple downgraded to 'sell' over slow iPhone sales, shares down

Image Source iFixit Image Source iFixit
Melba Vasquez | 11 July, 2019, 21:26

Until then, iPhone sales could remain sluggish.

"Adding to our "sell" thesis, we believe new iPhone sales will be disappointing, iPad sales growth will slow in the second half of 2019, other product sales growth, such as the HomePod, AirPod, and iWatch, may not be meaningful to support total revenue growth", they said.

"There's many yelling fire in a crowded theater on Apple", Ives argued. InfoTrie also gave press coverage about the iPhone maker an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.

The downgrade pushed Apple stock lower by as much as 1.9% in Monday trading.

Could Apple's next flagship phone, the iPhone 11, be so ugly and boring that the Cupertino giant is even refusing to acknowledge that it exists? The analyst warned that Apple's performance on the market will suffer due to a "fundamental deterioration" in the coming year. The firm previously had a "Neutral" rating on $AAPL, and it maintained its US$150 price target for the stock.

There's a hugely exciting few months ahead for Apple fans with the U.S. technology firm expected to release its all-new iPhone in September.

April might be considered as the silver lining as the shipments of iPhone in India rose to 200,000 units which were fuelled by discounts and price cuts on selected devices. Instead, the second half of 2020 will witness strong iPhone upgrades due to the introduction of 5G iPhones and other innovative features. Out of the three iPhones, three are two are expected to feature three rear cameras, a first for iPhones. Semmax Financial Advisors Inc. bought a new position in shares of Apple in the fourth quarter worth approximately $50,000.

Apple usually releases its phones in September right in time for the holiday season, but we already know 2019 will see only three new devices with an unusual camera setup, but improved shooters overall. The iPhone maker reported $2.46 EPS for the quarter, topping the Zacks' consensus estimate of $2.37 by $0.09.

The upcoming iPhones would also facilitate bidirectional wireless charging, allowing users to charge compatible accessories and devices by placing them on the back of the iPhone 11.

Also, according to the leaks, the iPhone 11 will come with an l-shaped logic board, rather than the L-shaped versions found in the previous iPhone models.

At face value, the adjustment appears minor: Apple is transferring from the L-shaped logic board inside both the iPhone X and iPhone XS to a more compact, stacked rectangular design.

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