LexRank Summarization
- Analysts last week slashed their AAPL target prices following Apple’s announcement that it would dramatically miss its own guidance for the holiday quarter, in what one of them called ‘Apple’s darkest day in the iPhone era.’ iPhone pricing has come under the microscope as many suggest this is a key factor in lengthening upgrade cycles.
- Business Insider reports that HSBC has cut its AAPL target from $200 to $160 over concerns about both China and future iPhone pricing It notes that Apple has so far been able to boost the iPhone average selling price (ASP) to compensate for stagnating sales, but doesn’t believe it can keep doing so.
- “Although we had expected challenges for Apple in China and other economies, the intensity has surprised us to the downside,” HSBC analysts led by Erwan Rambourg told clients Wednesday in a report called, “China bites even more.”As a result of both China-specific concerns and consumers shifting views of the iPhone, Rambourg and his team slashed their price target on the stock for a second time in two months, from $200 to $160 per share.
TextRank Summarization
- Analysts last week slashed their AAPL target prices following Apple’s announcement that it would dramatically miss its own guidance for the holiday quarter, in what one of them called ‘Apple’s darkest day in the iPhone era.’ iPhone pricing has come under the microscope as many suggest this is a key factor in lengthening upgrade cycles.
- Business Insider reports that HSBC has cut its AAPL target from $200 to $160 over concerns about both China and future iPhone pricing It notes that Apple has so far been able to boost the iPhone average selling price (ASP) to compensate for stagnating sales, but doesn’t believe it can keep doing so.
- “Although we had expected challenges for Apple in China and other economies, the intensity has surprised us to the downside,” HSBC analysts led by Erwan Rambourg told clients Wednesday in a report called, “China bites even more.”As a result of both China-specific concerns and consumers shifting views of the iPhone, Rambourg and his team slashed their price target on the stock for a second time in two months, from $200 to $160 per share.