Apple needs to 'unclog their innovation rut': Analyst
01/03/2024 02:54
Barclays downgraded Apple shares (AAPL) to "underweight" citing concerns about iPhone 15 demand, particularly in China. D.A. Davidson Managing Director Gil Luria, who has a "neutral" rating on the stock. Luria says that "growth isn't going to be very fast" for the iPhone or other hardware categories, arguing that Apple focused on growing its Services business. "Unless the [Apple] unclog their innovation rut, then it's going to be very hard for this company to accelerate growth on the hardware side," Luria claims. Oppenheimer & Co. Senior AnalystMartin Yang is more bullish. Yang says that Apple is seeing a "deceleration of Apple's share gain momentum in China and developed markets in recent quarters," but that ultimately that issue will correct itself. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Barclays downgraded Apple shares (AAPL) to "underweight" citing concerns about iPhone 15 demand, particularly in China. D.A. Davidson Managing Director Gil Luria, who has a "neutral" rating on the stock. Luria says that "growth isn't going to be very fast" for the iPhone or other hardware categories, arguing that Apple focused on growing its Services business. "Unless the [Apple] unclog their innovation rut, then it's going to be very hard for this company to accelerate growth on the hardware side," Luria claims.
Oppenheimer & Co. Senior AnalystMartin Yang is more bullish. Yang says that Apple is seeing a "deceleration of Apple's share gain momentum in China and developed markets in recent quarters," but that ultimately that issue will correct itself.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.