Market Overview

Jefferies Reiterates Hold Rating, $500 PT on Apple on Slowing Demand, Margin Pressure

Related AAPL
Weekly Highlights: Apple's iTime Patent, Amazon's Fire Phone Suppliers And More
Benzinga's Weekend M&A Chatter
Tech Rewind: Amazon Slides, Facebook Goes Mobile (Fox Business)

In a report published Wednesday, Jefferies reiterated its Hold rating and $500.00 price target on Apple (NASDAQ: AAPL).

Jefferies noted, “We believe the 4.8" iPhone 6 will not launch until June 2014 due to screen yield issues. We also analyze how Apple has been able to add functionality to the iPhone by using NAND price declines to subsidize other costs. We think the iPhone 5S will help GMs but that the iPhone 6 could hurt the iPhone GM by 200bp+. We remain concerned with slowing demand and margin pressure.”

Apple closed on Tuesday at $479.93.

Posted-In: JefferiesAnalyst Color Reiteration Analyst Ratings

 

Most Popular

Related Articles (AAPL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters