UBS tells investors in a research note that the firm’s data that tracks iPhone availability across 30 geographies suggests elevated year over year wait times for the Base across key end markets, but relatively muted demand for the other three models. The firm, which has a Neutral rating and $220 price target on the shares, says there is upside risk to iPhone builds, driven by the iPhone 17 Base and Air variants, as well as recent media reports indicating Apple (AAPL) suppliers are increasing iPhone 17 Base production, but believes elevated Base wait times may limit average selling price.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- J.P. Morgan Says It’s Time to Buy Apple Stock as iPhone 17 Hits
- World Liberty Financial nears debit card launch, The Block reports
- Japanese Holdings Give Berkshire Hathaway’s (BRK.B) Stock Portfolio a Boost
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!
- AAPL, GOOGL, MSFT: EU Continues Crack Down on U.S. Tech With Online Scams Demand