Cleveland Research is optimistic about Apple's stock, powered by strong iPhone revenues and its fast-growing wearables business.
Tim Cook, chief executive officer of Apple Inc., speaks about the new iPhone during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 10, 2019.stock climbing over the next two years, powered by strong iPhone revenues and its fast-growing wearables business.
Apple shares rose 1.6% in trading on Monday from its previous close of $275.15. Apple's stock has soared this year, up 77% so far. "We have increased our revenue assumptions to reflect stronger momentum in iPhone, services, and other products and we continue to see potential for additional upside," Cleveland Research analyst Ben Bollin said in a note to investors.
Cleveland Research has a buy rating on the stock and expects it to climb another 15% by the end of fiscal 2021. "Contacts in the Apple supply chain note good sales momentum continued into the holiday season," Bollin said. "The mix of iPhones for newer products has sustained at a higher mix following the launch, leaving us feeling better about [average selling prices] for iPhone in [fiscal year 2020]."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Apple News Partners With ABC News On 2020 Campaign And Election CoverageABC News and Apple News are partnering on coverage of the 2020 presidential election, starting with plans for a Democratic debate on Feb. 7 in New Hampshire. For that event, Apple News will feature…
Consulte Mais informação »
ABC News, Apple News Strike Election Coverage Content AllianceABC News and Apple News are teaming up to provide news coverage of the 2020 election. Starting with the February 7 Democratic primary debate in New Hampshire, Apple News, will start to feature news…
Consulte Mais informação »
Russell Simmons Attempts to Get Ahead of Oprah Winfrey’s Apple TV+ DocRussell Simmons, who faces multiple allegations of sexual misconduct and rape, which he has consistently and vehemently denied, is speaking out against Winfrey's upcoming project
Consulte Mais informação »
Apple will face rare shareholder questions on human rights after Hong Kong app removal - Business InsiderThe tech giant faced intense criticism in October for its removal of an app that let Hong Kongers track police movements.
Consulte Mais informação »
What You Should Actually Watch on Apple TV PlusCome for the Jen An/Reese Witherspoon face-off, stay for Emily Dickinson chugging opium.
Consulte Mais informação »
This 4-Ingredient Apple Cake Is As Easy As It GetsThis week's Big Little Recipe defies all logic: a fluffy, tender cake whose batter contains no butter, oil, baking soda, or baking powder. But how?
Consulte Mais informação »