Apple (AAPL): Blended ASP Could Increase On Demand Of The Plus - RBC
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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.
Shares of Apple closed at $108.36 yesterday.
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