News Highlights: Apple iPhone demand ‘robust’ for quarterly earnings, analyst says
Head of Equities Americas at UBS Global Wealth Management David Lefkowitz on his outlook for the market.
Ahead of the release of the quarterly results later this month, there is demand for the new Apple iPhone is “robust,” with an analyst noting that it has surpassed its best scenario.
Wedbush Securities analyst Dan Ives, who rates Apple stock as “outperform” with a price target of $ 160, noted that demand for the iPhone Announced in October, 12 is exceptionally strong and the hype surrounding the device meets reality.
“Our TMT Asia supply chain controls for iPhones remain incrementally optimistic iPhone 12 5G demand and have now even surpassed our ‘bull case scenario’ for stocks in FY21 given the current trajectory, a major positive for stocks with December 27 results just around the corner, ”Ives wrote in a note to investors . “We believe Apple has seen a robust holiday season not only on iPhones, but also had a strong AirPods performance that was another …
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