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Is Slowing Services Growth and Hardware Bottleneck a Problem for Apple Inc. (AAPL)? [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
set a $280 price target, responding to analysis of the company's App Store data from Sensor Tower. Is Slowing Services Growth and Hardware Bottleneck a Problem for Apple Inc. (AAPL)? Photo by Alexandr Bormotin on Unsplash The data indicated that the company achieved 7% growth in the March quarter, despite being weighed down by flat US growth. While the growth was up 80 basis points quarter over quarter, it was 180 basis points easier according to the research firm. In the June quarter, Apple is expected to post a 12% growth, unchanged quarter over quarter. Evercore ISI has also raised concerns about slowing growth in the App Store due to renewed weakness in gaming. Amid the slow growth, the firm has maintained an outperform rating on the stock. Apple is also facing challenges on the hardware front, especially with its upcoming foldable iPhone. Reports indicate the company has experienced engineering challenges that could delay the launch of its next flagship phone. Apple I
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- Why April 30 Could Be a ‘Clearing Event' for Apple That Takes AAPL Stock to $300 [Yahoo! Finance][Yahoo! Finance]
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