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Notes ahead of Apple earnings, Dutch authorities hit pause on a dating decision and teasing a title in a really gross way.

It is Monday, the 28th of July 2025. I'm Ken Ray, and this is news from MacOS Ken, brought to you by yours truly and supported by people like you. Patrons through Patreon. Find out more and add your support at patreon.com slash macOS can.

Two notes of note ahead of this week's earnings call, one positive on Apple, one less so.

I flipped a coin to see which one we'd start with, and so we start with J.P. Morgan

analysts to make Chatterjee. Apple 3.0 ran part of a note he wrote on Friday, wherein he says the

setup for Apple shares on a near-term basis is better than imagined. So he will be accentuating the positive for us today, though he is mindful of the negatives.

The tariff-inspired surge and iPhone purchases in the March quarter that may have eaten into June Q sales,

lackluster yet healthy growth in services, the late April epic, App Store ruling, the potential ramifications

of the ongoing DOJ versus Google lawsuit, these are all headwinds identified in the note.

He's also not overjoyed by anything he's heard about iPhone 17, and Apple still seen as lagging in AI.

And yet, robust consumer demand in the June quarter and a lower impact on the hardware

supply chain than had been expected, lead Chatterjee and friends to anticipate greater

resilience and modest upsides relative to lower expectations for product

revenues and profits. Additionally, while he's not wowed by what he's heard around Apple's

next iPhones, there are new iPhones coming, and that tends to spur sales. If I'm reading the

rest of his note correctly, investors are expecting so

little, the analyst thinks that they will be pleasantly surprised. Mr. Chatterjee has an

overweight rating on Apple's shares. His price target on the shares is $250. For a positive note, the Chatterjee must have had a number of negatives, and yet the

decidedly negative note comes from Needham and Company analyst Laura Martin.

A piece from Barron's points to a list of headwind bigger than the one Chatterjee had.

That seems to be a list compiled by Barron's, though.

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