Apple’s report Thursday afternoon is the latest in a busy week for earnings and will provide a test for the iPhone maker’s DeepSeek inspired rally this week.

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Tim Cook Praises China's DeepSeek For Driving Efficiency, Stresses Apple's 'Prudent And Deliberate' Approach Toward Capital Expenditure - Apple (NASDAQ:AAPL)

The firm downgraded Apple to perform from outperform and removed its $250 price target on the stock.

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Oppenheimer downgrades Apple on weakening iPhone sales and worries around AI innovation

On Thursday, Apple Inc. (NASDAQ:AAPL) CEO Tim Cook lauded DeepSeek, a China-based AI startup. What Happened: During Apple's first-quarter earnings call, Cook was asked about the perception that Cupertino is benefiting from lower compute costs. The analyst inquired about Cook’s perspective on the DeepSeek situation and whether any changes in the cost landscape could impact Apple's margins. In response, the Apple CEO detailed the company's use of …

Cheng Xin/Getty ImagesApple's earnings report is under scrutiny amid China iPhone sales concerns and a lackluster AI feature launch.Bullish analysts are highlighting Apple's services growth and potential rebound despite the expected China weakness.A strong US dollar and competition in China pose challenges, but services and AI offer hope, Wall Street said.Apple is set to report fiscal first-quarter earnings results after the market close on Thur…

Business Insider

Apple earnings updates: Stock rises as Wall Street watches for China sales, services business updates

Forbes

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Apple Earnings Preview: Record Results Expected With China AI Concerns In Focus

A disappointing quarter or even three of sales or earnings is no reason to sell Apple stock, says the CIO from Birinyi Associates.

MarketWatch

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Apple is the stock everyone loves to hate. Don’t sell even if earnings are dismal, analyst says.

is set to announce its first quarter earnings after the bell on Thursday amid concerns that iPhone sales aren’t getting the kind of boost from its Apple Intelligence platform that investors initially hoped.
Both Jefferies and Loop Capital downgraded Apple’s stock last week, with Jefferies analyst…

BizToc

Apple to report Q1 earnings a week after stock hit with 2 downgrades

Apple's Chief Executive Officer Tim Cook attends the China Development Forum in Beijing on March 24, 2024. Pedro Pardo | Afp | Getty ImagesApple's overall revenue rose by 4% in its first fiscal quarter, but it missed on Wall Street's iPhone sales expectations and saw sales in China decline 11.1%, the company reported on Thursday. Shares were flat in extended trading. Here's how Apple did versus LSEG consensus estimates for the quarter ending Dec…

Jingletree

Apple misses on iPhone revenue, sees 11% drop in China sales

The investment bank Oppenheimer downgraded Apple’s rating from outperform to perform, adding to several of its peers who have expressed caution about the company prior to it presenting its quarterly results on Thursday. Martin Yang, an analyst at the brokerage firm, sustained the decline in concerns about iPhone sales due to increased competition in China and doubts about Apple Intelligence’s ability, the artificial generation intelligence appli…

El banco de inversión Oppenheimer degradó la calificación de Apple de outperform a perform, con lo que se suma a varios de sus pares que han manifestado cautela sobre la compañía previamente a que ésta presente sus resultados trimestrales este jueves. Martin Yang, analista de la firma de corretaje, sustentó la rebaja en las preocupaciones sobre las ventas del iPhone debido a una mayor competencia en China y las dudas sobre la capacidad de Apple …

Oppenheimer rebaja la calificación de Apple ante riesgos por las ventas del iPhone

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Oppenheimer lowers Apple's rating against risks from iPhone sales

On Wednesday, Apple was downgraded to “perform” from “outperform” by Oppenheimer, which also removed their $250 price target. This marks the fifth downgrade the company has faced this month, following similar actions by Jefferies, MoffettNathanson, Loop Capital, and DBS Bank. Oppenheimer analyst Martin Yang echoed the concerns of others by highlighting issues with iPhone sales in his downgrade. He pointed to “a twofold challenge ahead for iPhone…

MacDailyNews

Oppenheimer downgrades Apple ahead of Thursday's earning report

Oppenheimer downgraded shares of Apple (NASDAQ:AAPL – Free Report) from an outperform rating to a market perform rating in a report published on Wednesday, Marketbeat Ratings reports. A number of other research analysts have also recently commented on AAPL. The Goldman Sachs Group lowered their target price on Apple from $286.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company …

Apple Earnings Preview: Record Results Expected With China AI Concerns In Focus

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