Apple Unveils iPhone 15 Changes: What's Coming From Cupertino And Why Shares Will Cross $200
Portfolio Pulse from Adam Eckert
Apple Inc is expected to release new products at its upcoming 'Wonderlust' event, with the focus on the iPhone 15. Analysts from Morgan Stanley and Wedbush have laid out expectations for the launch, including limited upgrades for the iPhone 15 and 15 Plus models, and significant changes for the Pro models. The analysts also expect Apple to enhance the camera quality and introduce a new 'Action Button'. They believe that the iPhone estimates for 2024 are too low and that Apple can continue to outperform. Both firms have Overweight/Outperform ratings on Apple stock with price targets of $215 and $230, respectively.
September 07, 2023 | 5:36 pm
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POSITIVE IMPACT
Apple is expected to release new products at its upcoming event, with significant upgrades for the iPhone 15 Pro models. Analysts believe that the iPhone estimates for 2024 are too low and that Apple can continue to outperform. Both Morgan Stanley and Wedbush have Overweight/Outperform ratings on Apple stock with price targets of $215 and $230, respectively.
The upcoming 'Wonderlust' event and the expected release of new products, particularly the iPhone 15, are likely to have a significant impact on Apple's stock. Analysts' expectations of the company outperforming and their Overweight/Outperform ratings further support this. However, the recent drop in Apple's shares due to iPhone bans in China may slightly offset this positive impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100