<p>一位 <strong>蘋果</strong>(AAPL 0.45%) 的看空分析師在週一早上對這隻巨頭科技股發表了看法，似乎至少有一些投資者對此最新分析表示關注。在那一交易時段，他們對該公司的股票交易顯得不太熱情，僅微弱推動股價上漲 0.5%。與此同時，基準 <strong>標準普爾 500</strong> 指數當天收盤上漲 1.5%。</p>
<h2>巴克萊相當看空</h2>
<p>在對蘋果的新分析中，<strong>巴克萊</strong> 重申了對這家 iDevice 製造商的現有減持（即：賣出）建議。儘管如此，該行將其目標股價從之前的 173 美元小幅上調至 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>圖片來源：Getty Images。</p>
<p>據報道，巴克萊對蘋果持續悲觀的展望源於三個關鍵因素。</p>
<p>第一個是公司基礎硬件業務的內在弱點。這類產品的增長一直温和，該行分析師指出，剛剛公佈的財年第三季度看似強勁的增長是由於預期關税前的提前採購等因素所致。</p>
<p>第二個因素是中國，這是蘋果一個至關重要的市場。巴克萊認為，競爭加劇將威脅到公司在這個廣闊的亞洲國家的市場份額。</p>
<h2>擔心監管機構</h2>
<p>最後，該行對蘋果在其 Apple Services 部門可能面臨的潛在監管困難表示擔憂。隨着對應用市場（如 App Store）的審查和監管行動的增加，該公司可能會受到裁決，減少其來自這一豐厚收入來源的收益。</p>
<p>上週，<strong>Alphabet</strong> 的谷歌在一起圍繞其 Google Play 的案件中遭遇了顯著的法律敗訴，其對不利裁決的上訴被駁回。監管機構和法院似乎都對 Google Play 和 App Store 等市場的高度有利條件感到不滿。</p>

蘋果

2 倍做多 AAPL ETF - GraniteShares

蘋果每日 1 倍做空 ETF - Direxion

蘋果每日 2 倍做多 ETF - Direxion

AAPX

AAPY

APLY

<p>蘋果的股票在週一僅上漲了 0.5%，落後於標準普爾 500 指數的 1.5% 漲幅，此前巴克萊發佈了看跌分析。巴克萊維持對蘋果的減持評級，並將目標價從 173 美元上調至 180 美元。該銀行指出，硬件銷售疲軟、在中國市場競爭加劇以及可能影響蘋果服務部門的監管挑戰是其悲觀展望的關鍵因素</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>蘋果</strong>(AAPL 0.45%) 的看空分析師在週一早上對這隻巨頭科技股發表了看法，似乎至少有一些投資者對此最新分析表示關注。在那一交易時段，他們對該公司的股票交易顯得不太熱情，僅微弱推動股價上漲 0.5%。與此同時，基準 <strong>標準普爾 500</strong> 指數當天收盤上漲 1.5%。</p>
</div><h2>Barclays is quite the bear</h2>
<div class="lb-trans"><h2>巴克萊相當看空</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>在對蘋果的新分析中，<strong>巴克萊</strong> 重申了對這家 iDevice 製造商的現有減持（即：賣出）建議。儘管如此，該行將其目標股價從之前的 173 美元小幅上調至 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>圖片來源：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>據報道，巴克萊對蘋果持續悲觀的展望源於三個關鍵因素。</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>第一個是公司基礎硬件業務的內在弱點。這類產品的增長一直温和，該行分析師指出，剛剛公佈的財年第三季度看似強勁的增長是由於預期關税前的提前採購等因素所致。</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>第二個因素是中國，這是蘋果一個至關重要的市場。巴克萊認為，競爭加劇將威脅到公司在這個廣闊的亞洲國家的市場份額。</p>
</div><h2>Concerned about regulators</h2>
<div class="lb-trans"><h2>擔心監管機構</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>最後，該行對蘋果在其 Apple Services 部門可能面臨的潛在監管困難表示擔憂。隨着對應用市場（如 App Store）的審查和監管行動的增加，該公司可能會受到裁決，減少其來自這一豐厚收入來源的收益。</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>上週，<strong>Alphabet</strong> 的谷歌在一起圍繞其 Google Play 的案件中遭遇了顯著的法律敗訴，其對不利裁決的上訴被駁回。監管機構和法院似乎都對 Google Play 和 App Store 等市場的高度有利條件感到不滿。</p>
</div>

Why Apple Stock Lagged the Market on Monday

- 巴克萊對蘋果公司維持 “減持” 評級，目標價上調至 180 美元。  
- 該行認為蘋果硬件業務疲軟，增長有限，且面臨中國市場競爭加劇。  
- 監管風險也令巴克萊擔憂，可能影響蘋果服務部門的收入。  

為什麼蘋果的股票在週一表現不如市場