Connect with us

Hi, what are you looking for?

press release

Apple (NASDAQ:AAPL) – Early lead times for Apple iPhone 14 exceed – Press Release

iphone 14 pro

  • MorganStanley Analyst Erik Woodring affirmed obesity apple inc AAPL and a target price of $180.
  • Woodring emphasized that the critical investor debate had occurred in the past week iPhone launch event was how resilient demand for the iPhone 14 would be in the face of ongoing inflation and growing macroeconomic uncertainty, which would prove headwinds for consumer spending intentions.
  • However, the delivery times of the early iPhone 14 Pro series in the US are more robust than expected.
  • Erik points out that early pre-order comments from markets like China and India are similarly robust.
  • Additionally, the early launch of the iPhone 14 Pro series is a little stronger than expected, showing Apple’s strategy of differentiation from high-end models seems to be paying off.
  • It could be a potential additional tailwind for iPhone ASPs in FY23, where it’s already 5% above consensus at $900.
  • Taken together, these early data points are helping to allay fears of physical iPhone weakness, consistent with Erik’s view that the iPhone is a more “clip-like” product that’s more resilient to macroshocks.
  • Price promotion: AAPL shares traded 1.82% lower at $152.49 on the last check Thursday.

Source Story here

You May Also Like

Business

State would join dozens of others in enacting legislation based on federal government’s landmark whistleblower statute, the False Claims Act

press release

With a deep understanding of the latest tech, Erbo helps businesses flourish in a digital world.

press release

#Automotive #Carbon #Canister #Market #Projected #Hit #USD New York, US, Oct. 24, 2022 (GLOBE NEWSWIRE) —  According to a comprehensive research report by Market...

press release

Barrington Research Analyst James C.Goss reiterated an Outperform rating on shares of IMAX Corp IMAX with a Price target of $20. As theaters...