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JPMorgan Mentions Apple (AAPL) Positively: 'China iPhone Demand Accelerating and Better Than Industry'
July 20, 2022 1:48 PM EDTJPMorgan analyst Samik Chatterjee reiterated an Overweight rating and $200.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "China Academy of Information and Communications Technology (CAICT) released June smartphone data, which comprised international (Apple) shipments at 3.5 mn units for the month of June, above the historical average of 2.3 mn shipments for the month of June. Shipments in June were down -17% m/m, but still better than seasonal downtick of... More
Evercore ISI Out Positive on Apple (AAPL), 'China Smartphone Data - June Was a Big Month for Apple'
July 20, 2022 11:26 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $180.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "The broader China smartphone market saw y/y growth in June for the first time in 2022 and Apples shipments reported a 225% y/y growth rate. Smartphone shipments grew 9.1% y/y (vs. -8.8% y/y last month). CAICT data suggests MNC shipments (read, Apple) were up... More
