Apple Analyst Raises Price Target, Cites Strong iPhone 11 Sales


Apple, Inc. (NASDAQ: AAPL) shares have traded higher in the past month on market optimism about the lower-priced iPhone 11 models. Canaccord’s North American survey work suggests the iPhone is maintaining its leading market share among customers of all four major wireless carriers. “With the stronger than anticipated initial sales for the launch of this year’s iPhone lineup, we believe the September quarter results could come in at the high end of guidance,” Walkley wrote in a note.


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