As previously reported, BNP Paribas analyst David O’Connor upgraded Apple (AAPL) to Outperform from Neutral with a $300 price target The memory price crunch should translate to low-to-mid tier demand destruction at the industry level for smartphones, but the firm sees an opportunity for Apple to drive share gains because while the company is impacted by higher memory prices, its “size availability is not an issue and it typically commands the best price,” the analyst tells investors.
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