Scalper1 News
Apple (AAPL) iPhone demand remains strong ahead of a product refresh, with consumers continuing to favor more expensive models, a new survey shows. But consumers are hoping for better battery life in the next-generation iPhone. Supply chain checks and survey results suggest that iPhone demand is not only stronger than expected in the June quarter but also has the potential to be “ahead of expectations through 2015 and beyond,” RBC Capital Markets analyst Amit Daryanani said in a research report Monday. He estimates Apple shipped 46.5 million iPhones in the June quarter. Daryanani rates Apple stock as outperform with a price target of 150. Apple stock was down more than 1% near 125 in afternoon trading on the stock market today. Apple should see growth in iPhone sales with the rumored iPhone 6S refresh this fall, thanks to carrier contract renewals and growth of 4G networks in China, Daryanani said… Scalper1 News
Scalper1 News