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Is somebody suppressing AAPL’s price? Why is it barely inching upward? Is someone(s) accumulating sub rosa?<<Analyst expects 80 million iPhone units will be sold during holiday quarter By Alan Friedman @wolfcallsputs Nov 16, 2021, 1:30 PM A note to investment clients from Wedbush analyst Daniel Ives was viewed by AppleInsider. In the note, Ives produces an estimate of how many iPhone units Apple might ring up during the current holiday quarter, which happens to be the tech giant's fiscal first-quarter for 2022. For the three months from October through the end of December, Wedbush's lead analyst forecasts that Apple will sell more than 80 million iPhone handsets. Ives says that demand for iPhone 13 series phones is outstripping supply by 15% Ives picks up on something that fellow investment firm J.P. Morgan noted earlier this month; delivery times for the iPhone 13 series continue to grow longer revealing that demand for the 2021 models remains strong. Ives calculates that demand is surpassing supply by 15%. . . . . In his note, Ives wrote, "Despite the chip shortage and Rubik's Cube logistics that Apple (and every other technology, auto, and retail vendor) is dealing with we are seeing tremendous demand trends both in the US and China for iPhone 13 which is a positive sign that Apple could exceed selling 80 million iPhone units in the quarter with stronger Pro versions driving higher ASPs." The average selling price (ASP) is an important metric since it gives the company and analysts an idea of whether the more expensive Pro models are in demand. . . . . Obstacles in the way including the global chip shortage and the minefields in the supply chain are but road bumps in a supercycle that will run for a few years. . . . With Apple shares currently trading at $151, the analyst has a price target of $185 which would require a hike of 22.5% from the current stock price. He calculates this by taking the valuations that Wedbush analysts have placed on different parts of Apple's businesses. For example . . . .>> Apple’s lookin’ good! Read the ellipses! https://www.phonearena.com/news/analyst-predicts-80-million-iphone-units-will-be-sold-in-holiday-quarter_id136469 |
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