<p>一位 <strong>苹果</strong>(AAPL 0.45%) 的看空分析师在周一早上对这只巨头科技股发表了看法，似乎至少有一些投资者对此最新分析表示关注。在那一交易时段，他们对该公司的股票交易显得不太热情，仅微弱推动股价上涨 0.5%。与此同时，基准 <strong>标准普尔 500</strong> 指数当天收盘上涨 1.5%。</p>
<h2>巴克莱相当看空</h2>
<p>在对苹果的新分析中，<strong>巴克莱</strong> 重申了对这家 iDevice 制造商的现有减持（即：卖出）建议。尽管如此，该行将其目标股价从之前的 173 美元小幅上调至 180 美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc5ODUvY29uY2VybmVkLXlvdW5nLXBlcnNvbi13aXRoLWhlYWQtaW4taGFuZHMtZ2F6aW5nLWF0LWEtc2NyZWVuLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="465" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc5ODUvY29uY2VybmVkLXlvdW5nLXBlcnNvbi13aXRoLWhlYWQtaW4taGFuZHMtZ2F6aW5nLWF0LWEtc2NyZWVuLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>据报道，巴克莱对苹果持续悲观的展望源于三个关键因素。</p>
<p>第一个是公司基础硬件业务的内在弱点。这类产品的增长一直温和，该行分析师指出，刚刚公布的财年第三季度看似强劲的增长是由于预期关税前的提前采购等因素所致。</p>
<p>第二个因素是中国，这是苹果一个至关重要的市场。巴克莱认为，竞争加剧将威胁到公司在这个广阔的亚洲国家的市场份额。</p>
<h2>担心监管机构</h2>
<p>最后，该行对苹果在其 Apple Services 部门可能面临的潜在监管困难表示担忧。随着对应用市场（如 App Store）的审查和监管行动的增加，该公司可能会受到裁决，减少其来自这一丰厚收入来源的收益。</p>
<p>上周，<strong>Alphabet</strong> 的谷歌在一起围绕其 Google Play 的案件中遭遇了显著的法律败诉，其对不利裁决的上诉被驳回。监管机构和法院似乎都对 Google Play 和 App Store 等市场的高度有利条件感到不满。</p>

苹果

2 倍做多 AAPL ETF - GraniteShares

苹果每日 1 倍做空 ETF - Direxion

苹果每日 2 倍做多 ETF - Direxion

AAPX

AAPY

APLY

<p>苹果的股票在周一仅上涨了 0.5%，落后于标准普尔 500 指数的 1.5% 涨幅，此前巴克莱发布了看跌分析。巴克莱维持对苹果的减持评级，并将目标价从 173 美元上调至 180 美元。该银行指出，硬件销售疲软、在中国市场竞争加剧以及可能影响苹果服务部门的监管挑战是其悲观展望的关键因素</p>

<p>An <strong>Apple</strong>(AAPL 0.45%) bear weighed in on the monster tech stock Monday morning, and it seems at least a few investors were taking its latest analysis to heart. They unenthusiastically traded the company's stock that session, weakly pushing it only 0.5% higher. Meanwhile, the benchmark <strong>S&amp;P 500</strong> index closed the day 1.5% in positive territory.</p>
<div class="lb-trans"><p>一位 <strong>苹果</strong>(AAPL 0.45%) 的看空分析师在周一早上对这只巨头科技股发表了看法，似乎至少有一些投资者对此最新分析表示关注。在那一交易时段，他们对该公司的股票交易显得不太热情，仅微弱推动股价上涨 0.5%。与此同时，基准 <strong>标准普尔 500</strong> 指数当天收盘上涨 1.5%。</p>
</div><h2>Barclays is quite the bear</h2>
<div class="lb-trans"><h2>巴克莱相当看空</h2>
</div><p>In its new Apple take, <strong>Barclays</strong> reiterated its existing underweight (read: sell) recommendation on the iDevice maker. This, despite enacting a slight raise in its price target to $180 per share from the preceding $173.</p>
<div class="lb-trans"><p>在对苹果的新分析中，<strong>巴克莱</strong> 重申了对这家 iDevice 制造商的现有减持（即：卖出）建议。尽管如此，该行将其目标股价从之前的 173 美元小幅上调至 180 美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjc5ODUvY29uY2VybmVkLXlvdW5nLXBlcnNvbi13aXRoLWhlYWQtaW4taGFuZHMtZ2F6aW5nLWF0LWEtc2NyZWVuLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F827985%2Fconcerned-young-person-with-head-in-hands-gazing-at-a-screen.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>According to reports, Barclays' continued pessimistic outlook on Apple stems from three key factors.</p>
<div class="lb-trans"><p>据报道，巴克莱对苹果持续悲观的展望源于三个关键因素。</p>
</div><p>The first is the inherent weakness in the company's foundational hardware business. Growth in such products has been modest, and the bank's analysts pointed out that the seemingly robust growth in the company's just-reported fiscal third quarter was due to factors such as forward purchasing ahead of anticipated tariffs.</p>
<div class="lb-trans"><p>第一个是公司基础硬件业务的内在弱点。这类产品的增长一直温和，该行分析师指出，刚刚公布的财年第三季度看似强劲的增长是由于预期关税前的提前采购等因素所致。</p>
</div><p>The second is China, a crucial market for Apple. Barclays believes that intensifying competition will threaten the company's market share in the sprawling Asian nation.</p>
<div class="lb-trans"><p>第二个因素是中国，这是苹果一个至关重要的市场。巴克莱认为，竞争加剧将威胁到公司在这个广阔的亚洲国家的市场份额。</p>
</div><h2>Concerned about regulators</h2>
<div class="lb-trans"><h2>担心监管机构</h2>
</div><p>Finally, the bank is wary about potential regulatory difficulties Apple might have in its Apple Services segment. With increased scrutiny and regulatory action around app marketplaces like the App Store, the company could be hit with rulings that reduce its take from this lucrative revenue stream.</p>
<div class="lb-trans"><p>最后，该行对苹果在其 Apple Services 部门可能面临的潜在监管困难表示担忧。随着对应用市场（如 App Store）的审查和监管行动的增加，该公司可能会受到裁决，减少其来自这一丰厚收入来源的收益。</p>
</div><p>Last week, <strong>Alphabet</strong>'s Google suffered a notable legal defeat when its appeal against an unfavorable ruling in a case centered around its Google Play was rejected. Both regulators and courts seem to find the highly advantageous conditions of marketplaces like Google Play and the App Store distasteful.</p>
<div class="lb-trans"><p>上周，<strong>Alphabet</strong> 的谷歌在一起围绕其 Google Play 的案件中遭遇了显著的法律败诉，其对不利裁决的上诉被驳回。监管机构和法院似乎都对 Google Play 和 App Store 等市场的高度有利条件感到不满。</p>
</div>

Why Apple Stock Lagged the Market on Monday

- 巴克莱对苹果公司维持 “减持” 评级，目标价上调至 180 美元。  
- 该行认为苹果硬件业务疲软，增长有限，且面临中国市场竞争加剧。  
- 监管风险也令巴克莱担忧，可能影响苹果服务部门的收入。  

为什么苹果的股票在周一表现不如市场