Apple (AAPL) Will Continue To Outperform - RBC Capital

RBC Capital maintains Outperform on Apple (NASDAQ: AAPL) price target of $168.00.

Analyst Amt Daryanani expects broad software updates at WWDC and tells clients after hours that there is a strong probability the company will introduce a Siri-enabled smart speaker. He also believes the company will continue to outperform thanks to the upcoming iPhone 8 cycle, acceleration in service and the potential repatriation of overseas capital.

iPhone estimate stands at 36.9 million for the June quarter and at 46.3 million for the September quarter.

FY 2017 EPS Ops. Diluted estimate remains at $8.97 and FY 2018 EPS estimate remains at $9.73

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 $152.76 yesterday.

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