(News Bulletin 247) – Wedbush Securities maintains its ‘outperforming’ opinion on Apple, with a price target raised from 190 to 205 dollars due to the good resistance enjoyed by demand for the iPhone.
In a research note, the intermediary points out that its contacts in Asia report stable demand for the iPhone 14 despite the recent economic turmoil, with no plans to cut production anytime soon.
According to the analyst, Apple is taking advantage of the shortages that had affected iPhone shipments in December, with sales in January and February that far exceeded its expectations.
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