Scalper1 News
Apple (AAPL) iPhone sales strength and the company’s aggressive capital return program could push its shares higher, BMO Capital Markets analyst Keith Bachman said in a research report Thursday. Meanwhile, he’s less optimistic about Apple Watch sales. Bachman maintained his outperform rating on Apple stock with a price target of 145. Apple was up more than 2.5% to near 123 in late afternoon trading on the stock market today. For the June quarter, Bachman raised his iPhone sales estimate to 48 million units, but kept his estimate for Apple Watch sales unchanged at 3.5 million units. For fiscal 2016, which starts Sept. 27, he raised his iPhone estimates by 3.5 million to 233 million units and lowered his Watch estimates by 3 million to 27.5 million units. He estimates the installed base of Apple iPhone users will be well over 500 million by the end of … Scalper1 News
Scalper1 News