NewsNewsDetails
UBS Worries That iPhone Demand May Weaken; Apple's Stock Price Rose Approximately 1% on Friday
Businessinsider
1h ago
Ai Focus
Apple's stock price rose by about 1% on Friday afternoon to around $345. Analyst David Vogt maintained an 'hold' rating on Apple, with a target price of $296, stating that the data indicates a week-on-week decrease in the waiting time for iPhone, Pro, and Pro Max, which may mean that consumers are purchasing a smaller quantity of iPhone.
Helpful
No.Help

Apple Inc.'s stock price ( AAPL ) rose by about 1% on Friday afternoon to around $345. Nevertheless, UBS ( UBS ) four-star analyst David Vogt still maintains a 'hold' rating on the stock and has set a target price of $296, which implies about 14% room for decline.

Vogt pointed out that the data in this row shows that the average waiting time for iPhone Pro has been reduced by about 1 day compared to last week; the waiting time for iPhone Pro Max has been reduced by about 5 days compared to last week. Given Apple's recent price increases and stable supply, this analyst believes that the quantity of iPhone purchased by customers may be decreasing.

As a background, Apple released iPhone, Pro, and Pro Max on September 9th, and reservations began on September 12th.

David Vogt who is it?

According to the data from TipRanks, Vogt ranks 1,780th among over 12,000 Wall Street analysts, which is within the top 15%. The chart shows that his rating success rate is 61%, and the average return he brings to investors is 10.90%.

UBS expresses concerns regarding the requirements of iPhone

In the research report, Vogt indicates that his conclusions are based on data from UBS Evidence Lab. This data tracks how long customers in over 30 markets need to wait to purchase iPhone.

This analyst pointed out that the data shows that the average waiting time for iPhone and Pro is about 4 days shorter than it was a year ago. However, the waiting time for iPhone and Pro Max remains relatively the same.

"We noticed that in the US market, the iPhone Pro year-over-year waiting times are longer, but this is significantly offset by the performance of Europe and Japan; whereas in the US market, the iPhone Pro Max waiting times are longer, which are essentially offset by the performance of the Chinese market," writes Vogt.

The report with the Vogt label was released weeks after the views expressed by Bank of America ( BAC ). Bank of America stated that, despite the higher prices, the iPhone 18 Pro waiting times were still close to the levels of the same period last year.

Is it a good time to buy Apple stock now?

In addition, the average target price for AAPL is $334.91, which indicates a potential downside risk of about 2% in the future.

Disclaimer and Disclosure

Report an issue

UBS News More

Tip
$0
Like
0
Save
0
Views 23
CoinMeta reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”，and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
To prevent a large loss of bank deposits, Citibank and Bank of America restrict AI smart entities from accessing customer accounts
According to the British "Financial Times," the U.S. banking industry is warning regulators that AI intelligents may automatically transfer idle funds for users in pursuit of higher returns, which could lead to a loss of bank deposits. Citibank, Bank of America, and JPMorgan Chase have already taken or announced measures to restrict external AI intelligents from accessing customer accounts, and regulators have privately welcomed these practices.
The Block
·2026-10-17 12:37:16
4
Former Microsoft executive criticizes Win11 26H2 taskbar: cannot hide automatically or adjust size when docked to the side
Tech media Windows Latest reported that Mikhail Parashin, who formerly served as the head of Windows and Bing at Microsoft, posted on the X platform criticizing the taskbar experience of Windows's 11 26H2 as "not yet usable," stating that issues such as the inability to automatically hide the left taskbar and adjust its size still exist even after its return.
The Block
·2026-10-17 12:37:14
5
New York Fed survey: Service industry price hikes fastest since 2022, business activity index drops to lowest level since March
The New York Fed survey shows that in October, the sales price increases for service sector businesses rose to the fastest rate since 2022, input costs remained high, and supply conditions deteriorated; the business activity index fell to its lowest level since March.
Wallstreetcn
·2026-10-17 12:37:11
6
Micron or CoreWeave: Who is a strong buyer after today's decline, and who still has more room for upside? This is how Wall Street sees it
Tech stocks came under pressure on Friday, with the Nasdaq falling by about 2.2%, as the market re-evaluated its enthusiasm for AI. Wall Street believes that Micron received strong buy ratings, while CoreWeave carries higher risks, but also potentially greater returns.
Businessinsider
·2026-10-17 12:08:10
14
Option traders are cautious about Microsoft, with the stock price falling by 1.89%
Microsoft ( MSFT ) stock price fell by $10.19 to around $529.25, with option traders generally showing a moderate bearish sentiment. Trading volume was roughly consistent with the average level; there were still more call options than put options, but the put/call ratio was higher than normal. At the same time, implied volatility increased, and the demand for downside protection rose. Microsoft will release its financial report after the close of trading on October 28, 2026.
Businessinsider
·2026-10-17 12:08:09
12
View More
Latest from Author
Refresh
arrow
TSA The new security scanner has a smaller opening, so some luggage may not be able to pass through, but most can still be accommodated.
TSA The new security scanner has a smaller opening, so some luggage may not be able to pass through, but most can still be accommodated.
09-26 23:29   351peopleViews
Micron Technology's stock price fluctuated before its Q4 financial report on September 30; institutions are optimistic about the demand for AI and the increase in storage chip prices.
Micron Technology's stock price fluctuated before its Q4 financial report on September 30; institutions are optimistic about the demand for AI and the increase in storage chip prices.
09-26 21:59   331peopleViews
OpenAI Reveals that AI Proxy Once Accessed Public Data from SEC
OpenAI Reveals that AI Proxy Once Accessed Public Data from SEC
09-26 09:45   366peopleViews
Recommended