AINewsBreaks – Apple Inc. (NASDAQ: AAPL) Faces Price Target Reduction Amid Siri Upgrade Delays

Apple (NASDAQ: AAPL) has experienced a reduction in its stock price target by Morgan Stanley, now set at $252, down from $275. Analyst Erik Woodring attributes this adjustment to delays in the rollout of advanced AI features for Siri, which were anticipated to drive iPhone upgrades in fiscal year 2026. Woodring now forecasts that Apple will ship approximately 230 million iPhones in 2025, consistent with 2024 figures, and expects a 6% increase to 243 million units in 2026. Consequently, revenue and earnings-per-share estimates for fiscal 2026 have been reduced by 5% to 6%. ​

As of 1:02 PM EST on March 12, 2025, Apple’s stock is trading at $217.55, reflecting a decrease of $3.29 (1.49%) from the previous close. The stock has fluctuated between an intraday high of $222.34 and a low of $214.93.

To view the full article, visit https://ibn.fm/qRC26

About Apple Inc.

Apple Inc. specializes in the design, manufacturing, and marketing of computer hardware and music supports. Net sales break down by product and service categories as follows:​

• Telephone products (51.4%): iPhone brand​
• Peripheral devices (9.5%): screens, storage systems, printers, video cameras, memory cards, servers, switches, etc.​
• Computers (7.7%): laptops (MacBook, MacBook Air, MacBook Pro) and PCs (iMac, Mac mini, Mac Pro, Xserve)​
• Music support (6.8%): music players like iPod and iPad, along with accessories​
• Other (24.6%): software, maintenance services, internet access services, etc.​

Net sales are distributed geographically as follows: Americas (42.7%), China/Hong Kong/Taiwan (17.1%), Japan (6.4%), Asia/Pacific (7.9%), and Europe/India/Middle East/Africa (25.9%).

About AINewsWire

AINewsWire (“AINW”) is a specialized communications platform with a focus on the latest advancements in artificial intelligence (“AI”), including the technologies, trends and trailblazers driving innovation forward. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, AINW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, AINW brings its clients unparalleled recognition and brand awareness.

AINW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from AINewsWire, text “AI” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit www.AINewsWire.com

Please see full terms of use and disclaimers on the AINewsWire website applicable to all content provided by AINW, wherever published or re-published: https://www.AINewsWire.com/Disclaimer

AINewsWire
Austin, Texas
www.AINewsWire.com
512.354.7000 Office
Editor@AINewsWire.com

AINewsWire is powered by IBN