Category: Benjamin Schachter

Macquarie cuts Apple price target on expectations for services slowdown

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“Macquarie analyst Benjamin Schachter lowered his price target on Apple Inc. shares to $188 from $222 on Wednesday, taking a more muted stance on the company’s services trajectory,” Emily Bary reports for MarketWatch. “Schachter sees slowdowns for licensing, the App Store, and AppleCare, which he said represent the three biggest drivers of category growth over…

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AAPL, App Store, Apple, Apple licensing, Apple Music, Apple Pay, Apple price target, Apple services, AppleCare, Benjamin Schachter, iCloud, Macquarie, News

Apple analyst shootout: What does the big leap in services mean?

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“Today brings an excellent example of how any two parties on Wall Street can scrutinize Apple and come away with very different conclusions about its outlook,” Tiernan Ray reports for Barron’s. “The question is what to make of Apple’s increase of 31% in revenue from services in the fiscal Q2 that ended in March—an increase…

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AAPL, Apple stock, Benjamin Schachter, financing, Instinet, investing, Jeffrey Kvaal, Macquarie Research, Opinion