EconomyMarkets

Apple Gains Midday on More iPhone 11 Enthusiasm By Investing.com

© Reuters.

Investing.com – Apple (NASDAQ:) was higher in midday trade on Wednesday after analysts at Canaccord Genuity raised the company’s target price to $260 from $240.

Analyst T. Michael Walkley said the rise was due to indicated sales strength of the iPhone 11.

“Based on our North American survey work, iPhone models maintained leading market share at all (four) major U.S. carriers, with share up strongly in September driven by the iPhone 11,” he said, according to Briefing.com.

As a result of the higher sales, “we believe the September quarter results could come in at the high end of guidance,” he added.

Apple (NASDAQ:) was up 1.1% to $226.78 after the upgrade.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Source link

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close