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  • Evercore Raises AAPL Target to $125


    Following Apple's blockbuster opening weekend for its new iPhone 6 and iPhone 6 Plus (10 million units sold in the first three days of availability), sales news has remained consistently positive for Apple this month.

    With Apple's new smartphones now available in dozens of markets around the world, the daily feedback from Apple stores and retail partners is that supplies aren't staying stocked for long. Consequently, market watchers and Wall Street analysts are calling for unprecedented sales and earnings reports in the months to come.

    As a result, one leading firm is already projecting new record highs for AAPL. On Tuesday, Evercore Partners’s Rob Cihra reiterated an Overweight rating and a $125 price target.

    Cihra is among those expecting an “even stronger-than-expected iPhone 6/6 Plus product cycle.”

    “Moving to larger 4.7” iPhone 6 and 5.5” Plus screen sizes looks to have hit a sweet-spot, catalyzing a major upgrade cycle to an iPhone installed base now >300mil worldwide,” Cihra says. Cihra now projects Apple will ship 39 million iPhones in fiscal Q4 (which ends this month) and another 65 million in the December fiscal Q1.

    Source: Barron's
    This article was originally published in forum thread: Evercore Raises AAPL Target to $125 started by Michael Essany View original post
    Comments 5 Comments
    1. SpiderManAPV's Avatar
      SpiderManAPV -
      Quote Originally Posted by Michael Essany View Post
      Cihra is among those expecting an “even stronger-than-expected iPhone 6/6 Plus product cycle.”
      How do you expect something "stronger-than-expected"? Wouldn't that make it expected?
    1. Al226's Avatar
      Al226 -
      Quote Originally Posted by SpidermanAPV View Post
      How do you expect something "stronger-than-expected"? Wouldn't that make it expected?
      Nope
    1. iYeow's Avatar
      iYeow -
      Is not going to happen, there is a rave in China buying more affordable smartphones very much alike 6 or 6+ called Xiomi Mi4 uses Android OS
    1. docmagoo2's Avatar
      docmagoo2 -
      Quote Originally Posted by iYeow View Post
      Is not going to happen, there is a rave in China buying more affordable smartphones very much alike 6 or 6+ called Xiomi Mi4 uses Android OS
      See here

      http://m.gsmarena.com/xiaomi_mi_4-6518.php
    1. novadam's Avatar
      novadam -
      Quote Originally Posted by iYeow View Post
      Is not going to happen, there is a rave in China buying more affordable smartphones very much alike 6 or 6+ called Xiomi Mi4 uses Android OS
      if you say so

      https://modmyi.com/forums/iphone-news/840781-iphone-6-reservations-fire-china.html