Apple (AAPL) WWDC Keynote Takeaways - BofA Securities

BofA Securities analyst Wamsi Mohan reiterated a Buy rating and $200.00 price target on Apple (NASDAQ: AAPL) after the WWDC 2022 keynote included the launch the M2 chip, based on 5nm technology and focused on power efficient performance. Apple also announced new Macbook Air and Macbook Pro laptops that incorporate the new chip.

The analyst stated "Other interesting stats: Apple now has 34mn developers, more than 15000 apps now work with Siri, and CarPlay is available on 98% of cars in the U.S. Apple also announced “Apple Pay Later” which allows buyers to make 4 payments, over 6 months with 0% interest. This announcement is likely in response to the increasing popularity of buy now/pay later schemes. We maintain Buy on multiple tailwinds in both hardware and services (user growth, ASP, and increased penetration of installed base)."

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 $146.14 yesterday.

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