Apple's (AAPL) Internally Developed M1 Chip Line Could Drive Demand for Mac Upgrades - BofA Securities

BofA Securities analyst Wamsi Mohan reiterated a Neutral rating and $160.00 price target on Apple (NASDAQ: AAPL) after management highlighted the performance of the internally developed, M1 Pro and M1 Pro Max with their higher memory bandwidth, higher core GPUs and better CPU/GPU performance vs. power consumed.

The analyst stated "While the specs for the Macs are genuinely impressive, the starting price point of the MacBook Pros with these new M1 chips ($1,999 for M1 Pro, $2,899 for M1 Max) will likely have them sought after by high-end audiophiles, game developers/gamers, and AI developers."

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 $146.55 yesterday.

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