Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, November 11, 2022

Article Excerpt

APPLE INC., $149.70, Nasdaq symbol AAPL, remains a hold. New COVID-19 lockdowns at the company’s assembly factory in Zhengzhou, China will slow the production of its new iPhone 14 Pro and iPhone 14 Pro Max smartphones. That facility makes roughly 80% of those premium models. As a result, Apple will probably produce 87 million of these devices in 2022, down from its earlier forecast of 90 million. The shortage comes at a bad time for Apple, as iPhone sales usually peak ahead of the busy Christmas shopping season. In the fiscal year ended September 24, 2022, iPhones supplied 52% of Apple’s total sales. The shortage will also impact iPhone sales in China; that country now accounts for about 20% of Apple’s overall sales. Apple is still a hold. Apple recent coverage:(please log-in to access these posts. Click here to log-in) Hotline for September 30, 2022 September 2022 issue BECTON DICKINSON & CO., $227.67, New York symbol BDX, is a buy. The company operates through three segments: Medical makes an array…