Apple Stock Downgraded by Loop Capital Amid Shipment Concerns And Rising Costs
Yahoo Finance ·
Wall Street is adopting a more cautious stance on Apple ahead of its November 2 earnings report. Loop Capital downgraded the stock to Hold from Buy, slashing its price target from $370 to $330 due to mounting concerns regarding iPhone shipment reductions and surging memory expenses. Similarly, UBS maintained its Neutral rating and $296 price target, projecting September quarter revenue at $112.8 billion, including $56 billion in iPhone sales, while warning of margin pressure and slowing revenue growth. Analysts noted that iPhone revenue expansion is likely to decelerate to 14% year over year. Despite these headwinds, Apple's newly unveiled foldable iPhone Duo generated strong initial pre-order demand, with delivery timelines extending into January 2027. Furthermore, Apple announced expanded U.S. manufacturing partnerships, committing up to $100 million to Perryman and deepening ties with Qnity Electronics as part of its broader domestic investment strategy. Apple shares traded over 1% lower in premarket activity following the downgrades.
AI 시장 분석
Loop Capital downgraded Apple (AAPL) from Buy to Hold and lowered its price target to $330, citing concerns over declining iPhone shipments and rising memory costs. UBS also maintained a cautious stance based on margin pressure and valuations at a 5-year high, projecting a slowdown in revenue growth. Amid these negative factors, AAPL shares fell over 1% in pre-market trading.
상승 영향
- Smartphones — Initial pre-order demand for the new foldable iPhone duo has been strong, creating positive signals with shipping delays extending to January 2027.
하락 영향
- Smartphones — Earnings growth is expected to slow due to concerns over margin pressure stemming from at least a 15% reduction in iPhone component orders, declining shipments, and rising memory costs.
DYAX 전담 분석
Declining iPhone shipments and reduced component orders directly hit Apple's short-term earnings growth momentum, with rising memory costs acting as a pressure factor on gross margins. While the initial strong demand for the foldable iPhone duo provides some positive signals, the recovery of shipments and the ability to pass on costs are key indicators that will determine the future direction of the stock price.
The bullish scenario is that strong sales of the iPhone duo drive up Average Selling Prices (ASP) to offset margin pressure, while the bearish scenario is that reduced component orders lead to weak demand, resulting in lowered guidance at the November 2 earnings announcement. Investors should closely monitor memory cost trends and shipment data.
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