After Nikkei reported this morning that Apple (AAPL) may delay the launch of its first ever foldable iPhone due to engineering challenges, Evercore ISI analyst Amit Daryanani noted that the news service has “historically run stories on iPhone production cuts/raises that have not consistently proven accurate.” The firm, which expects the launch of Apple’s new foldable iPhone to remain slated for a September release and would be surprised by any material delay, keeps an Outperform rating and $330 price target on Apple shares.
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