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The Tiniest Move Up for an AAPL Target - MOSK: 02.03.2025

Feb 3, 2025
Morgan Stanley nudges up its stock target for Apple following a positive earnings report. Apple has recently scrapped its ambitious AR glasses project, creating buzz around its future AR plans. Meanwhile, a new iCloud invitation service is on the horizon, while changes to AppleCare+ are stirring questions. A $20 million settlement for Apple Watch battery issues highlights ongoing challenges, and a free audiobook from 'Severance' keeps fans intrigued with Apple's latest offerings.
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INSIGHT

Slight AAPL Target Increase

  • Morgan Stanley raised Apple's share target by $2 after Q1FY25 earnings.
  • Positive factors include Apple's projected service growth and a large device installed base.
INSIGHT

Apple Cancels AR Glasses Project

  • Apple canceled a project to develop advanced AR glasses that would have paired with Macs.
  • The project faced challenges due to iPhone processing power and battery limitations.
INSIGHT

New Apple Invitation Service "Confetti"

  • Apple is reportedly launching a new invitation system codenamed "Confetti".
  • This system is tied to iCloud and might revamp Apple's calendar app.
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