Lates News

Moffett Nathanson analyst Moffett maintains a "sell" rating on Apple with a target price of $139, which is the most pessimistic prediction on Wall Street. Moffett's bearish reasons for Apple include the impact of tariffs on iPhone demand and the company's struggles in the field of AI. He describes Apple as still giving a sense of directionlessness in AI development. He also warns investors of underestimating the potential impact of the legal dispute between Apple and the gaming company Epic Games on the App Store fee issue on the service business. Despite significant negative developments, market profit estimates for Apple's service sector remain largely unchanged. He believes that these estimates still need to be significantly revised down.