Source: Benzinga Feeds
Apple Inc. (NASDAQ: AAPL ) is poised to exceed street estimates for iPhone sales in 2020, according to Longbow Research. The Apple Analyst Shawn Harrison has a Buy rating on Apple with a $345 price target. The Apple Thesis Longbow Research’s conversations early this year are providing visibility into iPhone launches and the mix of iPhone demand, and they support a bullish forecast for calendar 2020, Harrison said in a Tuesday note. (See his track record here .) Longbow’s Apple sales and EPS forecasts are above the Street on the basis of an above-consensus iPhone forecast due to strong global demand excluding China and the benefit of the impending SE2 launch, the analyst said. Strength in AirPod/accessory sales and services growth will also help, Harrison said. The analyst estimates iPhone shipments … Full story available on Benzinga.com
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