Analyst slashes his Apple target after survey finds weak iPhone XR demand (AAPL)

markets.businessinsider.com /
Analyst slashes his Apple target after survey finds weak iPhone XR demand (AAPL)

Apple's latest lineup of iPhones, especially the cheaper model XR, is not as popular as the market expected, according to a survey conducted by Canaccord Genuity. The financial-services firm slashed its Apple price target shares by 10% to $225 — 25% above where shares were trading.

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Analyst slashes his Apple target after survey finds weak iPhone XR demand

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www.businessinsider.com.au /

Apple is seeing disappointing initial sales of its iPhone XR, according to a Canaccord Genuity survey. The financial-service firm slashed its price target by 10% to $US225 - 25% above Apple's current share price.

Apple target cut at Canaccord amid 'soft smartphone and overall iPhone demand'

Apple target cut at Canaccord amid 'soft smartphone and overall iPhone demand'

www.marketwatch.com /

Canaccord Genuity analyst T. Michael Walkley lowered his price target on Apple Inc. shares to $225 from $250 on Thursday, after a recent Canaccord consumer survey suggested "soft smartphone and overall iPhone demand" as well as "disappointing initial iPhone XR sales." The survey found that Apple still "maintained strong share of U.S. smartphone sales" across the carriers

Much weaker demand for the iPhone XR than anticipated: Analyst

Much weaker demand for the iPhone XR than anticipated: Analyst

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Apple's new iPhone XR has been the best selling iPhone since its release, says Greg Joswiak, Apple VP of Product Marketing. In an interview with CNET, Joswiak said the device has "been our most popular iPhone each and every day since the day it became available." He declined to comment on numerous reports that Apple has cut orders for its new iPhone models only saying that the iPhone XR "has been the most popular and best-selling" iPhone since it hit the market

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The iPhone XR has been Apple's best-selling phone since its launch: report

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Apple Inc.'s new iPhone XR has been the company's best-selling phone since the device first went on sale in late October, the company's vice president of product marketing Greg Joswiak told Cnet on Wednesday. The iPhone XR has been Apple's "most popular iPhone each and every day since the day it became available," Joswiak said, according to the report. His comments come as investors worry about underwhelming demand for Apple's latest line of iPhones, including the XR, the cheapest of the new devices