Bank of America Lowers Fiscal 2027 iPhone Forecast for Apple
Bank of America has reduced its fiscal 2027 iPhone shipment forecast for Apple by nine million units, citing staggered product launches and rising costs.
Stocks · News reference
A US federal judge has scheduled the trial for Apple's trade secret theft lawsuit against OpenAI and former employees for July 19, 2027.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Bank of America has reduced its fiscal 2027 iPhone shipment forecast for Apple by nine million units, citing staggered product launches and rising costs.
Alphabet logs its worst week since 2011 and Intel its worst day ever as the AI trade cracks, while health care posts a record month against the market.
While Netflix trades at a cheaper valuation (P/E of 17 vs Apple's 37), the analyst recommends buying Apple instead. Netflix's revenue growth is decelerating across quarters, whereas Apple benefits from a 2.5 billion device installed base, high-margin services business, and upcoming AI monetization opportunities including new devices like HomeView and the iPhone Duo foldable.
AppLovin and Magnite represent two distinct approaches to digital advertising investment. AppLovin demonstrates aggressive growth with 70% revenue increase and $3.9B free cash flow but carries higher leverage (1.7x debt-to-equity). Magnite shows modest 6.9% growth with stronger financial stability (0.7x debt-to-equity) and $165.6M free cash flow. The author recommends AppLovin for its advertiser-centric model and double-digit growth potential, despite higher risk profile.
Apple has acquired Ascension Labs, also known as Ascend.io, a company specializing in software for automating and managing data pipelines.
Intel nears its worst day on record after weak guidance, sinking chip stocks as SMH falls 7.0% and the Nasdaq 100 drops 3.2%.