David Lefkowitz, Head of Equities Americas at UBS Global Wealth Management, talks about his prospects for the market.
Ahead of the release of its quarterly earnings later this month, demand for Apple’s new iPhone is “robust,” with one analyst noting it has outgrown its best-case scenario.
Wedbush Securities analyst Dan Ives, who rates Apple’s shares as “outperforming” with a $ 160 price target, noted that demand for the iPhone 12, announced in October, is exceptionally strong and hype that surrounds the device is encountering reality.
“Our TMT Asia supply chain controls for iPhone continue to be incrementally bullish around the demand for iPhone 12 5G and have now also surpassed our ‘bullish scenario’ for units in FY21 given the current trajectory, a big plus for Shares with December results around the corner on January 27, “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 which will be another …
- According to this source Demand for the Apple iPhone is “robust” ahead of quarterly earnings, the analyst says
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