Apple (AAPL): Blended ASP Could Increase On Demand Of The Plus - RBC

September 8, 2016 8:10 AM EDT
Get Alerts AAPL Hot Sheet
Price: $115.59 -2.25%

Rating Summary:
    61 Buy, 9 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 27 | New: 7
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RBC Capital analyst, Amit Daryanani, reiterated his Outperform on Apple (NASDAQ: AAPL) after yesterday's iPhone unveiling. He sees the potential for ASP shift to the high end if people favor the Plus model due to the incremental $20 price difference. The event is an incremental positive as updated iPhones should combine with an extra week benefits in the December quarter to enable a strong and profitable iPhone cycle.

No change to the price target of $117.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $108.36 yesterday.

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