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Technology Stocks : Apple Inc.
AAPL 364.110.0%Jul 2 4:00 PM EDT

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From: Moonray11/19/2019 11:35:04 AM
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AAPL at a 52-wk and All-Time High today at $268.00 (so far).

Apple's iPhone 11 'massive' success - Wedbush
By: Brandy Betz, SA News Editor, Nov. 19, 2019

Wedbush analyst Daniel Ives says the firm is seeing a
"very strong" demand trajectory for Apple's ( AAPL -0.1%)
iPhone 11 despite trade concerns.

The device has seen "massive" success in China, the
U.S., and Europe.

CEO Tim Cook will head to Texas tomorrow with President
Trump to visit Mac Pro production facilities. Ives calls this
a "key strategic visit" due to Cook's "careful balancing act"
navigating the US-China trade tensions.

The analyst says the proposed additional 10% tariff coming
on December 15 could ultimately result in a 4% hit to Apple's
EPS, but Ives thinks this is unlikely.

Ives reiterates his estimate of 190M+ iPhone sales for FY20.

Wedbush maintains an Outperform rating and Street-high
$325 target. Apple has a Bullish average Sell Side rating.

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