00:00 Speaker A
Apple getting a price target cut at Morgan Stanley down to 252 a share from 275. The analyst citing serious AI delays, as well as tariffs as headwinds for the tech giant, and it’s always, I don’t know about you, but I’ve even wondered when can I get my AI iPhone? It is feeling like it’s a little bit slower than consumers may have wanted.
00:16 Speaker B
What does what does an AI iPhone even do? Do we even know? Can we even But that’s a big problem, because if we can’t figure out what Apple intelligence does and why we need to upgrade these phones, I mean, I think it says a lot about what Apple could be producing financially over the next couple quarters. But shout out to this analyst, because I think this was something we were all looking on Apple. We’ve seen the stock weakness over the past month and a half. What is the impact to tariffs on Apple that makes 70% of their iPhones over in China? Shout out to his analyst estimating it could be a $2 billion impact. What is unclear is how Apple will mitigate that. Do they move things out of China, whatever it is. I finally like a Wall Street analyst putting a number behind the tariff impact. Shout out Morgan Stanley, you get some award for me today.
00:58 Speaker A
Finally putting a number behind, because it’s hard to do that, right? It’s hard to suss out the impact of these tariff policies.
01:03 Speaker B
encourage Madison to put this in your spreadsheets.
01:06 Speaker A
Well, and it’s it’s changing at the minute. You know, we’ve been we’ve been looking at tariff headlines all morning. So certainly something to continue to monitor.