Apple's India sales jump 33% to near $8 billion last year, Bloomberg News reports
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July 16, 2024 1:38 PM EDT
CFRA analyst Angelo Zino raised the price target on Apple (NASDAQ: AAPL) to $260.00 (from $240.00) while maintaining a Buy rating.
The analyst comments "We up our 12-month target to $260 from $240, shifting to a P/E of 31x to our CY 26 EPS of $8.30,... More
July 15, 2024 6:00 AM EDT
Apple's sales in India surged 33% to nearly $8 billion in the year through March, Bloomberg News reported on Monday, citing sources familiar with the matter. According to the report, more than half of these sales came from iPhones.
Apple shares rose 2% in premarket trading.
In April, Bloomberg News also reported that Apple assembled $14 billion worth of iPhones in India last fiscal year, with up to 14% of its flagship devices now produced in the country.
Most of the iPhones made in India are manufactured at... More
