Notification Center

This is our new notification center. Inside, you will find updates on the most important things happening right now.

Notifications

Hmm, push notifications seem to be disabled in your browser. You can enable them from the 'Settings' icon in the URL bar of your browser.

www.phonearena.com

Wall Street analyst sees Apple battling Huawei, Xiaomi and Samsung in China

51
Wall Street analyst sees Apple battling Huawei, Xiaomi and Samsung in China
Earlier today, Jefferies analyst Sundeep Bajikar cut his target on Apple's shares to $130 from $135. His move coincided with a tough day of trading for the tech titan as Apple dropped $6.23 (5.2%) to $113.49. In cutting his target on Apple, Bajikar said that he was concerned with "macro demand uncertainty for iPhone primarily in China."

While the Jefferies analyst sees strong demand for the iPhone in Hong Kong, Shanghai, Seoul and Tokyo, he notes that China's stock market has been falling and taking consumer's financial health with it. Bajikar says that Apple has responded by cutting back on ordering parts and components. In addition, he sees Apple facing strong competition in China from Huawei, Xiaomi and Samsung.

Speaking of Apple's main rival, Samsung has started cutting prices for the Samsung Galaxy S6 and Samsung Galaxy S6 edge, and on Thursday it will unveil the Samsung Galaxy Note 5 and Samsung Galaxy S6 edge+. All of these moves have the analyst concerned about Apple's ability to compete in China.

Another report affecting Apple's shares today came from Bluefin Research Partners analysts John Donovan and Steve Mullane. The duo reduced their forecast of iPhones being build in the second half of this year from 130 million to 122 million, due to a delay in the production of the new iPhone 6s and iPhone 6s Plus. This confirms a report from KGI Securities' Ming-Chi Kuo, who says that Apple is one to two weeks behind in producing the new models.


We could be less than a month away before Apple takes the wraps off the new models, at which time all bets are off. Serial Tipster Evan Blass is calling for the Apple iPhone 6c to be part of the unveiling event, and the 12.9-inch Apple iPad Pro is a wild card. Stay tuned! Things are just starting to warm up.

source: Barron's

New reasons to get excited every week

Get the most important news, reviews and deals in mobile tech delivered straight to your inbox

Related phones

Apple iPhone 6s specs
  • Display 4.7 inches 1334 x 750 pixels
  • Camera 12 MP (Single camera) 5 MP front
  • Hardware Apple A9 APL0898 2GB RAM
  • Storage 128GB, not expandable
  • Battery 1715 mAh
  • OS iOS 15.x
Apple iPhone 6s Plus specs
  • Display 5.5 inches 1920 x 1080 pixels
  • Camera 12 MP (Single camera) 5 MP front
  • Hardware Apple A9 2GB RAM
  • Storage 128GB, not expandable
  • Battery 2750 mAh
  • OS iOS 15.x

Latest News

FCC OKs Cingular\'s purchase of AT&T Wireless