Apple’s new iPhones reportedly are showing momentum in preorders:
Encouraging data points around iPhone preorders and a more simplified rollout could bode well for Apple Inc., analysts said Monday.
The key question for Ives is whether Apple will be able to drive upgrades in China, as trade tensions between the U.S. and China are an area of concern. He estimates that 60 million to 70 million iPhones in China are ripe for upgrades and that Apple needs to convince about half of these users to buy new devices. Ives rates the stock at outperform with a $245 price target.
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