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Thread: Evercore Raises AAPL Target to $125

  1. #1
    What's Jailbreak? Michael Essany's Avatar
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    Default 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

  2. #2
    Livin' the SPIDEY Life SpiderManAPV's Avatar
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    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?

    ......beware......
    Just your friendly neighborhood Spider-Man!

  3. #3
    Quote Originally Posted by SpidermanAPV View Post
    How do you expect something "stronger-than-expected"? Wouldn't that make it expected?
    Nope

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    Retired Moderator iYeow's Avatar
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    Default Evercore Raises AAPL Target to $125
    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
    Last edited by iYeow; 2014-10-01 at 06:35 PM.

  5. #5
    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

  6. #6
    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

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