UBS keeps a Neutral rating and $280 price target on Apple (AAPL) ahead of its earnings. The firm says the company is expected to see “solid demand” for the iPhone 17 series and also cites its checks that suggest a slight pull-in in the December quarter ahead of rising memory costs that should drive December quarter iPhone unit sell-in up about 12%-13% to 84.5M – 85.0M units, the analyst tells investors in a research note. While aspects of the iPhone 17 technical specs supported solid demand initially at launch, the risk of higher memory costs likely led to slightly higher production and sell-through than expected late in the quarter, leading to upside, the firm added.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- NVDA, PLTR, GOOGL, NBIS, and Others: 5-Star Analyst Dan Ives Sees Greenland Tariff Noise as Chance to Own Big Tech Stocks
- Apple Stock (AAPL) Remains a Top Pick for Evercore Ahead of Q1 Earnings
- Five-Star Citi Analyst Believes Apple Will Launch a Foldable iPhone Later This Year
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!
- Paris court rules Apple can keep ATT feature, Bloomberg reports