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Analyst: iPhone X could provide "strongest iPhone product cycle"

Published 10/16/2017, 02:45 PM
© Reuters.  Analyst: iPhone X could provide "strongest iPhone product cycle"
AAPL
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  • GBH Insights analyst Daniel Ives says Apple’s (NASDAQ:AAPL) iPhone X could provide the “strongest iPhone product cycle to date.”
  • Ives, formerly an analyst at FBR Capital Markets, says that the upgrade cycle will push “well into FY18” due to the device’s supply chain issues.
  • But the delay will still result in a “super cycle upgrade” that’s a “major growth catalyst” for the next year.
  • The analyst predicts Apple will sell 265M units in FY18 compared to the 231M in FY15, which was the peak iPhone 6 cycle.
  • Ives initiates Apple at a price target of $190 to $200.
  • Apple shares are up 1.63%.
  • Previously: KeyBanc upgrades Apple on iPhone X pricing (Oct. 16)
  • Previously: VirnetX announces results of Apple patent case, includes $1.20 per device (update) (Oct. 16)
  • Previously: Apple roundup: iPhone 7 outselling 8, Huawei launching X rival, Pay coming to India (Oct. 16)
  • Now read: Apple: Bullish Surprise


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