Pullback in Apple shares creates buying opportunity, says BofA
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BofA on Apple (AAPL) Assembling iPhones in US: 'Technically possible, but logistically challenging'
April 9, 2025 5:23 AM EDTBofA Securities analyst Wamsi Mohan reiterated a Buy rating and $250.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "In recent weeks, client focus has shifted to the feasibility of manufacturing Apple products, such as iPhones, in the U.S. In our opinion, while Apple can find labor to assemble iPhones in the U.S., a significant portion of the sub-assemblies would still be manufactured elsewhere, assembled in China, and imported to the U.S. This is because,... More
