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This is Mac OS Ken.

A lower Apple price target iPhone Resurgent in China and Tech Takes on coronavirus

It's Tuesday the 14th of April, 2020.

I'm Ken Ray, and this is news from Maco-S-Can.

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As night follows day another target drop for Apple shares.

Market watch had Raymond James analyst Chris Caso issuing a note Monday

dropping his 12 month price target on Apple shares by 55 bucks. That's due to

slower demand for iPhone and wearables due to COVID-19. It's not all bad news in his note. He still thinks iPhone 12 will hit this fall,

though in lower numbers than previously expected. He's also still into the

stock, but his old target of $360 is a bit high from here.

Use Monday's note to drop that to $305 while maintaining his outperform rating.

Two stories of improving iPhone sales in China.

Apple 3.0 ran part of a note from Evercore analyst Emileadani,

according to his note, the Chinese smartphone market showed signs of improvement in March

as sales only declined 22% year over year,

versus 55% in February.

Surprisingly, Apple smartphone sales were up 20 percent in March versus a week comparison.

Apple sales were down 5 percent for the March quarter versus a broader market decline of

about 35%. While again noting iPhone's week showing in March of 2019. Ad Rock said he and his think the strength

...