Apple (AAPL) is one of the "Magnificent Seven" stocks, but Barclays IT Hardware/Communications Equipment and Communications Infrastructure Analyst Tim Long only has a "Neutral" rating on the shares. Speaking with Yahoo Finance's Seana Smith at the Barclays Global Technology Conference, Long explains that Apple "basically lowered guidance maybe four quarters in a row, they don't give official guidance, but numbers have come down four quarters in a row," noting that the stock doesn't always track with fundamentals. Long also points to the stock's valuation, weakness in iPhone 15 sales, and says that, from what he is hearing, the iPhone 16 will not be too different, which means there could be "another year of weakness on the hardware side" if macroeconomic conditions remain challenged. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Content distributors and media companies are partnering on new streaming bundles in the hopes of gaining a more loyal audience.
(Bloomberg) -- Conglomerate Tata Group plans to build one of India’s biggest iPhone assembly plants, tapping Apple Inc.’s ambitions to increase manufacturing in the South Asian country.Most Read from BloombergCarlyle’s Rubenstein Is in Talks to Acquire Baltimore OriolesElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferWall Street’s AI Craze Drives Nasdaq 100 Up 1.5%: Markets WrapHarvard, Penn Heads Walk Back Genocide Answers After BacklashApple Readies New iPads and M3 MacBook Air