Apple's Latest iPhones Stuffed with America - MOSK: 10.21.2026 · Mac OS Ken · Radar

Apple Shares Downgraded0:47 – 3:36

0:47

A somewhat surprising downgrade for Apple shares on Tuesday.

0:52

Investing.com had loop capital analyst Ananda Barua cutting the Cupertino company stock from buy to hold on worries over iPhone.

1:03

Not the Pro phones that came out last month, nor the foldable coming out this Friday.

1:08

He's worried about the consumer-focused phones Apple is expected to introduce early next year.

1:15

According to the analyst, Apple already cut iPhone shipments for the September quarter and the December quarter by 10% each.

1:24

The piece says Loop had believed Apple could make up many of those units through 2027, though that no longer appears to be the case, according to the analyst.

1:34

The report says his firm's checks of the supply chain show no plans to recover the 13 million iPhone shipments cut in the second half of this year.

1:45

Now I am, as we all know, no mathematician.

1:50

But I don't get this guy's math.

1:53

He's cut his expectation of number of iPhones sold in the December quarter from 85 million to 79 million units.

2:01

This I get.

2:02

Fewer new models and the ones that are out there are more expensive.

2:07

Where the math goes weird, though, Barua has cut his firm's average selling price estimate from $1,239 to $1,123, dropping it a little over $100.

2:16

But they raised prices on their phones.

2:18

See, I could see worrying over margins, but how is the ASP going down if the prices are going up? For calendar 2027, says the report, Loop raised its unit forecast to $260 million, but cut its average selling price estimates to $1,096 from $1,235.

2:47

It also lowered its iPhone revenue forecast to $285 billion from $315 billion, and trimmed its earnings per share estimate to $9.76 from $10.11. And what's really weird is Barua likes Apple.

3:10

He just doesn't think now's the right time to buy.

3:14

According to his note, he and his continue to like Apple's long-term share gain and services story, but believe the stock also requires a fundamental catalyst reset after its recent stock appreciation.

3:28

With that, he adjusted to the aforementioned hold rating on Apple shares.

3:32

He also dropped his price target on them from $370 to $330.

Apple Shares Downgraded0:47 – 3:36

0:47

A somewhat surprising downgrade for Apple shares on Tuesday.

0:52

Investing.com had loop capital analyst Ananda Barua cutting the Cupertino company stock from buy to hold on worries over iPhone.

1:03

Not the Pro phones that came out last month, nor the foldable coming out this Friday.

1:08

He's worried about the consumer-focused phones Apple is expected to introduce early next year.

1:15

According to the analyst, Apple already cut iPhone shipments for the September quarter and the December quarter by 10% each.

1:24

The piece says Loop had believed Apple could make up many of those units through 2027, though that no longer appears to be the case, according to the analyst.

1:34

The report says his firm's checks of the supply chain show no plans to recover the 13 million iPhone shipments cut in the second half of this year.

1:45

Now I am, as we all know, no mathematician.

1:50

But I don't get this guy's math.

1:53

He's cut his expectation of number of iPhones sold in the December quarter from 85 million to 79 million units.

2:01

This I get.

2:02

Fewer new models and the ones that are out there are more expensive.

2:07

Where the math goes weird, though, Barua has cut his firm's average selling price estimate from $1,239 to $1,123, dropping it a little over $100.

2:16

But they raised prices on their phones.

2:18

See, I could see worrying over margins, but how is the ASP going down if the prices are going up? For calendar 2027, says the report, Loop raised its unit forecast to $260 million, but cut its average selling price estimates to $1,096 from $1,235.

2:47

It also lowered its iPhone revenue forecast to $285 billion from $315 billion, and trimmed its earnings per share estimate to $9.76 from $10.11. And what's really weird is Barua likes Apple.

3:10

He just doesn't think now's the right time to buy.

3:14

According to his note, he and his continue to like Apple's long-term share gain and services story, but believe the stock also requires a fundamental catalyst reset after its recent stock appreciation.

3:28

With that, he adjusted to the aforementioned hold rating on Apple shares.

3:32

He also dropped his price target on them from $370 to $330.