Loop Capital lowered the firm’s price target on Apple (AAPL) to $226 from $230 and keeps a Hold rating on the shares. The firm is updating its model to reflect mix shifts toward Pro/Pro Max models, lower air models, and adjustments in averages sales prices, the analyst tells investors in a research note. Loop further cites Apple having revised its expectations for the iPhone 17 Air model, now projecting it to account for about 20% of total unit sales, down from the originally anticipated 30%.
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