Wedbush analyst Daniel Ives has maintained an Outperform rating on Apple Inc (AAPL) with a price target of $240. Supply chain checks in Asia show strong demand for the iPhone 15, particularly in China, with no major downward revisions expected into early 2024. U.S. sales of the iPhone 15 have been robust, with sales expected to grow modestly from Black Friday to Christmas. Despite competition from Huawei, Apple's iPhone sales in China are growing, with a higher proportion of iPhone 15 Pro sales. The ASP of iPhones is rising, and iPhone revenue for the December quarter is expected to increase year-over-year. Apple's service revenue is also seeing double-digit growth, and iPhone unit sales are projected to be around 225 million for FY24. Ives forecasts Q1 revenue and EPS slightly above consensus at $117.96 billion and $2.10, respectively. AAPL shares traded lower by 0.83% at $189.73 last Friday.