Apple iPhone Sales Forecast Leads BofA to Trim Price Target -- Market Talk

Dow Jones01-28

1329 ET - Apple may report iPhone 16 sales and revenue for the fiscal first quarter that beats Wall Street's estimates, but that isn't keeping analysts at BofA from lowering their outlook. BofA expects Apple to post iPhone sales of 79 million and revenue of $126 billion when it reports earnings this week, topping Wall Street consensus, according a note from the bank on Friday. A weak macroeconomic outlook and the slow rollout of Apple Intelligence features "which we see as yet to gain widespread adoption" led BofA's analysts to lower their 2Q iPhone units estimate to 49 million from 56 million. For 2025 and 2026, BofA now sees iPhone sales of 229 million and 246 million, down from 239 million and 257 million, respectively. BofA trims its price target to $253 from $256. Shares rise 3.6% to $230.77. (adam.cataldo@wsj.com)

(END) Dow Jones Newswires

January 27, 2025 13:29 ET (18:29 GMT)

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A weak macroeconomic outlook and the slow rollout of Apple Intelligence features \"which we see as yet to gain widespread adoption\" led BofA's analysts to lower their 2Q iPhone units estimate to 49 million from 56 million. For 2025 and 2026, BofA now sees iPhone sales of 229 million and 246 million, down from 239 million and 257 million, respectively. BofA trims its price target to $253 from $256. Shares rise 3.6% to $230.77. 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BofA expects Apple to post iPhone sales of 79 million and revenue of $126 billion when it reports earnings this week, topping Wall Street consensus, according a note from the bank on Friday. A weak macroeconomic outlook and the slow rollout of Apple Intelligence features \"which we see as yet to gain widespread adoption\" led BofA's analysts to lower their 2Q iPhone units estimate to 49 million from 56 million. For 2025 and 2026, BofA now sees iPhone sales of 229 million and 246 million, down from 239 million and 257 million, respectively. BofA trims its price target to $253 from $256. Shares rise 3.6% to $230.77. (adam.cataldo@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 27, 2025 13:29 ET (18:29 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2506585559","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2506585559","pubTimestamp":1738002540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1329 ET - Apple may report iPhone 16 sales and revenue for the fiscal first quarter that beats Wall Street's estimates, but that isn't keeping analysts at BofA from lowering their outlook. 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