Sam Boughedda

Investing.com – Moness Crespi analyst Brian White reiterated Thursday his Buy rating and $199 price target for Apple Inc. (NASDAQ:), shares, but informed investors of the company’s headwinds.

Apple stock fell 0.5% Thursday.

White stated in a research note that “troubling inflationary factors and the economic effect from the conflict in Ukraine will lead to consumers being more selective about their purchases.”

Additionally, he mentioned the waning trend of work-from home, which has previously driven high demand for computers and tablets. He added that it was unclear how much unwinding is taking place.

An analyst commented on recent China-related issues that China’s pandemic-driven lockdowns pose a problem for the supply chain.

They expect “iPhone revenues to remain in growth territory” for the sixth consecutive quarter of 2Q:FY22. This includes a decrease in Mac revenue at $8.81billion and a decline in iPad sales at $6.45billion.