Apple’s bad quarter and what history says will happen next

[Pelican Press 0]

Apple’s bad quarter and what history says will happen next

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depends in part of the company’s ability to meaningfully break into the AI space, something he’s hoping to see information on at the developers conference . “This target multiple places Apple at a modest premium to elite consumer products companies, who lack Apple’s installed base, recurring revenue and AI upside long-term,” Reitzes wrote to clients on Monday. “Apple needs to do a lot to get there – like stabilize China and get through the challenges to growth overall in C1H24. However, if it can deliver a new narrative in AI, we still think it can more than make up for many obstacles.” Until the June conference, he said Apple leaders “deserve the benefit of the doubt.” To be sure, others anticipate a more muted gain. Following the Justice Department news, HSBC analyst Nicolas Cote-Colisson kept his hold rating and target price of $180, which implies an upside of just under 4%. Good historical indicators History can also provide justification for bullishness on the stock. After quarters over the past 20 years when Apple dropped at least 10%, the stock gained around 10% on average in the following three-month *******. Apple was positive in nine of the 14 quarters analyzed by CNBC Pro. In the median quarter following the losing one, shares jumped more than 14%. To be sure, these quarters show a wide range of potential outcomes. After the stock lost more than 11% in the second quarter of 2025, shares came roaring back to life with a rally of more than 45%. On the other hand, the final quarter of 2008 brought a sell off of nearly 25%, only adding to the ***** of more than 32% seen in the preceding three-month *******. — CNBC’s Fred Imbert contributed to this report

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Investment strategy,Stock markets,

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,NASDAQ Composite,Earnings,business news
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