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Technology Stocks : Apple Inc.
AAPL 114.09-0.8%Sep 29 4:00 PM EDT

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From: Moonray6/14/2019 1:54:39 PM
   of 209597
Apple June quarter China iPhone demand 'in line with expectations,' says Wedbush

Wedbush analyst Daniel Ives tells investors in a research note that all eyes will be on any
signs of demand weakness out of China in light of the ongoing U.S.-China trade battle as
Apple CEO Tim Cook heads into the next month. Ives says he believes the June quarter
China iPhone demand has so far been tracking "in line with expectations," or a "modest"
rebound from the softness seen in the December and March quarters, but notes a
"nervous" environment across the supply chain. Ives, who maintains an Outperform
rating and $235 price target on Apple shares, notes that China represents roughly
20% of all iPhone upgrades over the next 12-18 months.

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