Europe Wants Apple to be Fined IDR 8.4 Trillion, Because of Spotify Complaint?

Meanwhile, Apple's share price is down about 5% so far this year, with many analysts seeing the drop as a buying opportunity.

Reporting from Yahoo Finance, Sunday (18/2/2024), analyst at Wedbush, Dan Ives recently maintained his buy rating on the stock and reiterated his short-term price target of USD 250 or the equivalent of IDR 3.9 million (assuming an exchange rate of IDR 15,655 per US dollar ).

This target represents an increase of 35 percent from the current share price of USD 183 or the equivalent of IDR 2.8 million. His optimism reflects sales expectations for Apple's newest product, the Vision Pro headset, which the company described in a press release as a revolutionary spatial computer that seamlessly blends digital content with the physical world.

Vision Pro Sales Predicted to Reach 1 Million Units

Ives initially set a high price target last year with expectations of strong sales of the iPhone 15. Sure enough, Apple reported better-than-expected revenue of USD 119 billion or the equivalent of IDR 1,863 trillion in the final quarter of December 2023, driven by iPhone sales.