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Even though there is volatility, I am inspired by my Great Uncle who bought AAPL at $8.50. And he held on. And on. And on. And he's a very happy man.

Apple Slips 2% As Needham Cuts Estimates Amid iPhone, China Weakness

$Apple$ shares slipped 2% in morning trading on Tuesday as investment firm Needham cuts estimates for the fiscal second-quarter, citing weakness in the iPhone and China."AAPL's anemic and/or negative growth outlook, along with expected cost increases to fund [generative AI], are the biggest gating factors preventing new investors from buying AAPL, based on our conversations," analyst Laura Martin wrote in an investor note. Martin has a Buy rating and $220 price target on Apple.Martin now expects

Apple Slips 2% As Needham Cuts Estimates Amid iPhone, China Weakness

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And he's a very happy man.","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/296046476669216","repostId":2427287564,"repostType":2,"repost":{"id":"2427287564","pubTimestamp":1713279879,"share":"https://www.laohu8.com/m/news/2427287564?lang=&edition=full","pubTime":"2024-04-16 23:04","market":"fut","language":"en","title":"Apple Slips 2% As Needham Cuts Estimates Amid iPhone, China Weakness","url":"https://stock-news.laohu8.com/highlight/detail?id=2427287564","media":"seekingalpha","summary":"$Apple$ shares slipped 2% in morning trading on Tuesday as investment firm Needham cuts estimates for the fiscal second-quarter, citing weakness in the iPhone and China.\"AAPL's anemic and/or negative growth outlook, along with expected cost increases to fund [generative AI], are the biggest gating factors preventing new investors from buying AAPL, based on our conversations,\" analyst Laura Martin wrote in an investor note. Martin has a Buy rating and $220 price target on Apple.Martin now expects","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a> shares slipped 2% in morning trading on Tuesday as investment firm Needham cuts estimates for the fiscal second-quarter, citing weakness in the iPhone and China.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c944d1b64985d9f0410e3d0ae4caee2d\" tg-width=\"781\" tg-height=\"618\"/></p><p>&#34;AAPL&#39;s anemic and/or negative growth outlook, along with expected cost increases to fund [generative AI], are the biggest gating factors preventing new investors from buying AAPL, based on our conversations,&#34; analyst Laura Martin wrote in an investor note. Martin has a Buy rating and $220 price target on Apple.</p><p>Martin now expects fiscal second-quarter sales to be $90.8B, 4% below her previous estimate and down 4% year-over-year. Earnings per share are expected to come in $1.51, 7% below her previous estimate.</p><p>Apple is slated to report fiscal second-quarter results on May 2. 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