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Apple benefits from JP Morgan calling demand for the iPhone 13 “healthy” by Investing.com

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By Sam Boughedda

Investing.com — Apple Inc (NASDAQ :) shares rose nearly 3% on Monday, eradicating Friday’s decline.

Last week, Apple weakened with a report from Bloomberg that demand for the iPhone 13 lineup was slowing, and the article refers to people familiar with the issue.

But today, JP Morgan and Keybank analysts made positive comments about equities.

JPMorgan’s Samik Chatterjee said his iPhone 13 series tracker shows that lead times have been extended on all models. Demand remains “healthy and strong,” according to analysts, despite various trends and recent reports. As a result, Chatterjee forecasts demand that exceeds investor expectations.

In addition, Key Banc analyst Brandon Nispel has begun reporting on Apple with an overestimate and a $ 191 price target. Nispel said iPhone sales haven’t peaked yet, the company isn’t overly dependent on the iPhone, and expects the service to grow many times faster than users. I have outlined three main reasons for this.

“AAPL predicts that at the end of F1Q22, the iPhone will be actively installed 1.09B, up 7% year-on-year, and the device will be actively installed 1.8B. This is about AAPL’s user base, the largest in the world. It’s a class. ”

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Apple benefits from JP Morgan calling demand for the iPhone 13 “healthy” by Investing.com

Source link Apple benefits from JP Morgan calling demand for the iPhone 13 “healthy” by Investing.com

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