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Apple is set to announce its new line-up of iPhones later today. This will mark a significant moment in the rollout of 5G and will be an opportunity for Apple to have a large upgrade cycle.
Counterpoint’s Research Director Tom Kang: “Apple has done a great job outperforming the global smartphone market. During the COVID-19 low point in Q2 2020, Apple was helped by the timely launch of the iPhone SE, which created a new, low price point for iPhones at $399. It helped Apple get through the worst months of COVID-19 and its lockdown periods.
In addition, the iPhone 11 has proved to have great longevity, still selling over one million devices per week on the brink of a refresh.
The SE and iPhone 11 helped maintain momentum through Q3 as the general market remained negative.”
COVID-19 has hit the market hard in 2020 but some parts of the
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On Monday, analysts at Cowen reiterated their Outperform rating on shares of Walmart while raising their price target to $160, up from $155. The $160 price target is based on ~29x analysts FY22 EPS estimate of $5.50, compared to consensus estimates of $4.99 per share. The Outperform rating is based on analysts believing in Walmart’s ability to accelerate its digital ad biz & drive upside to e-commerce profitability. Analysts project ad business revenue could reach $3.4bn+ by FY23 yielding 1.8% share of the digital ad market & 5% to EPS.
Walmart has some compelling prospects for ad biz growth. Walmart is in the very early innings of building its ad prowess, but analysts point to numerous positives helping to build momentum towards high growth opportunities; these include decisions to bring its media group in-house, the launch of various tools and analytics for greater control and insights for advertisers, and strong
Press release content from PR Newswire. The AP news staff was not involved in its creation.
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SEOUL, South Korea and NEW DELHI and HONG KONG and SAN DIEGO and LONDON and BUENOS AIRES, Argentina and MUMBAI, India, Oct. 12, 2020 /PRNewswire/ — Apple is set to announce its new line-up of iPhones on October 13. This will mark a significant moment in the rollout of 5G and will be an opportunity for Apple to have a large upgrade cycle.
Commenting on Apple sales in 2020, Research Director Tom Kang said, “Apple has done a great job outperforming the global smartphone market. During the COVID-19 low point in Q2 2020, Apple was helped by the timely launch of the iPhone SE, which created a new, low price point for iPhones at $399. It helped Apple get through the worst months of COVID-19 and its lockdown periods. In
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Apple (AAPL) – Get Report is higher on Monday ahead of the expected debut of the tech company’s iPhone 12 and after Wedbush analysts affirmed their outperform rating and $150 price target on the stock.
Apple is expected to unveil the phone during a digital event that starts Tuesday. The latest iteration of the phone represents Apple’s most important product cycle since the iPhone 6 in 2014, according to Wedbush analyst Dan Ives.
“Importantly, with our estimation that 350 million of 950
million iPhones worldwide are currently in the window of an upgrade opportunity,
we believe this will translate into an unprecedented upgrade cycle for [Chief Executive Tim] Cook & Co.,” Ives said.
Ives expects four different models to be unveiled on Tuesday, including a 5.4-inch model starting a $699, a 6.1-inch model starting at $799, a 6.1-inch Pro model starting at $999, and a 6.7-inch pro model
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After a stubborn 18 months of being “stuck in neutral,” Amazon was able to show just how dominant it is this year, as millions were sheltered in place and employers were forced to put in place remote operations – a dynamic that lead to consumers shifting purchase habits online and employers leveraging the power of cloud computing to maintain operations. As a result, analysts at AllianceBernstein upgraded shares to Outperform on Tuesday while reiterating their $3,400 price target.
Prior to the upgrade, the New York-based firm was Neutral on shares due to “slowing eCommerce migration, a string of lackluster results breaking into new categories (grocery) and businesses (pharma, B2B IT distribution), and questions around capital allocation – specifically investing in 1-day delivery over our preference for on-demand.”
However, Bernstein is more now more optimistic on the e-commerce powerhouse, especially after the recently selloff in shares, which in their view which