Huatai Securities analyst Xie Chunsheng initiated coverage of Apple (AAPL) with a Buy rating and $254 price target The company maintains a high market share in the premium hardware sector, which helps it secure consumer traffic and enable monetization through hardware and software, the analyst tells investors in a research note. The firm expects Apple to see rising hardware market share, growing software revenue, and sustained earnings growth, while continuing shareholder returns via buybacks and dividends.
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