Apple's iPhone 16 Series Leads Growth, But High-End Model Preference Declines: Analyst
Portfolio Pulse from Anusuya Lahiri
JPMorgan analyst Samik Chatterjee maintains an Overweight rating on Apple with a $265 price target, noting strong interest in the iPhone 16 series despite a decline in preference for high-end models. Interest in new iPhones is higher for 2024, driven by faster devices and 5G connectivity.
October 02, 2024 | 4:48 pm
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JPMorgan analyst Samik Chatterjee maintains an Overweight rating on Apple with a $265 price target. The iPhone 16 series shows strong interest, though preference for high-end models has declined. Interest in new iPhones is higher for 2024, driven by faster devices and 5G connectivity.
The analyst's positive rating and price target suggest confidence in Apple's future performance. The iPhone 16 series is expected to drive growth, although there is a noted decline in preference for high-end models. The overall interest in new iPhones for 2024 is a positive indicator for Apple's sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100