Wedbush maintains an Outperform rating and $275 price target on Apple, telling investors in a research note that the firm is seeing more signs of iPhone stabilization based on the firm’s recent Asia supply chain checks, a good sign heading into an AI-driven iPhone 16 super-cycle. The firm thinks initial iPhone 16 shipments will be closer to 90M vs. original Street expectations in the 80M-84M range and up double digits year over year.
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