Tim Cook, President and CEO of Apple Inc., speaks at an event at the Steve Jobs Theater in Cupertino, California on Monday, March 25, 2019.
Apple's stock is on the right track.
Now that the dust has settled, attention has returned to Apple's flagship product, the iPhone. While the technology giant is suffering from the slowdown in demand for the smartphone, it still occupies a leading position in the market, said analysts.
"After a few tumultuous months, calm is being restored," said Daniel Ives, technical analyst at Wedbush. "With some recent price declines, demand is slowly changing in this very important region for Cupertino."
Apple has cut iPhone prices by 6% in China after falling sales led to lower-than-expected business in the fourth quarter of 2018.
A recent poll by Piper Jaffray of 8,000 teenagers shows that Apple's place as the dominant device brand among teens "remains intact," analyst Michael Olson said in a statement. note to investors. The analyst reiterated his overweighting of Apple shares with a target price of $ 201.
Apple's shares rose about 0.4% to $ 201 on Tuesday morning. The stock is up nearly 27% in 2019.