Why Davidson Lowered Apple Price Target

What was the primary reason for Apple's initial warning about iPhone sales?

• Weak sales in emerging markets

• Increased competition in the US market

• Supply chain disruptions

• New product launches

How did the legal ruling in China affect Apple's sales outlook?

• It had no impact on sales projections

• It was a minor factor in a cautious sales outlook

• It was the main reason for a positive outlook

• It led to a significant increase in sales

What percentage of Apple's revenue came from iPhone sales in fiscal 2018?

• 80%

• 75%

• 62%

• 50%

What is unusual about Apple's sales trend during the holiday quarter?

• A decline in sales despite new product launches

• A significant increase in sales

• Stable sales with no change

• A shift to non-iPhone products

How is Apple planning to offset the pressure from lower unit sales?

• By expanding into new markets

• By launching more products

• By reducing production costs

• By increasing the average selling price of devices