UBS has maintained a Neutral rating on Apple with a price target of $236, noting shorter wait times for high-end iPhones, indicating softer demand and improved supply. Despite the introduction of new AI features, no significant demand boost is expected for the December quarter, with an estimated sell-in of 78 million units. Meanwhile, Evercore ISI remains positive, reiterating an Outperform rating with a $250 target, following a 15% rise in App Store revenue in October.
UBS has maintained a Neutral rating on Apple with a price target of $236, noting shorter wait times for high-end iPhones, indicating softer demand and improved supply. Despite the lack of a standout AI application to boost sales, Apple is expected to sell 78 million units in the December 2024 quarter, consistent with last year. Meanwhile, Evercore ISI remains optimistic, reiterating an Outperform rating with a $250 target, following a 15% rise in App Store revenue in October.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
