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Technology Stocks : Apple Inc.
AAPL 191.44-0.2%5:20 PM EDTNews

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From: Moonray12/7/2017 8:08:15 AM
   of 202252
 
Sustainable Apple iPhone unit upside appears unlikely

KayBanc analyst Andy Hargreaves says that while it remains early,
broad demand indicators for Apple iPhone X suggest a mature market
in which sustained upside to high-end iPhone units is unlikely.

This suggests gross margin expansion is critical to drive upside to profit
expectations, he notes, adding that he thinks it is likely.

The analyst sees Q1 results and Q2 guidance as critical catalysts.

Hargreaves reiterates an Overweight rating and $192 price target
on the shares.

o~~~ O


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