Wedbush: With the spring launch event upon us, we give Apple an "Outperform" rating.
智通财经2022-03-08
According to Zhitong Finance APP,AppleThe 2022 Spring Press Conference will be held at 10:00 a.m. local time on March 8 (2:00 a.m. Beijing time on March 9). The market widely expects it to launch a new iPhone SE with 5G capabilities, as well as new iPad Airs and Macs using its M-series chips. Wedbush Securities believes that all of the above products will become "popular products" for Apple. Wedbush analyst Dan Ives gave Apple an "outperform" rating with a target price of $200.The analyst pointed out that while other tech and automotive companies have been delaying production after supply chain problems, Apple is bucking the trend and launching new products. He believes this demonstrates Apple's ability to cope with unprecedented global supply chain shortages.
Ives believes that the iPhone SE starts at $399 and is conservatively estimated to sell about 30 million units next year. According to a recent supply chain survey, global demand for the next-generation SE has been suppressed. The iPad Air may use the A15 chip, and the 13-inch MacBook Pro is also expected to use the upgraded M2 chip. More Macs may be released later this year, possibly at Apple's developer conference in June.
Ives stated, "Overall, investors generally tend to be risk-averse amidst the volatile geopolitical climate, as the escalating Russia-Ukraine conflict has triggered market unease. We believe that Apple is a worthwhile investment company in this market storm."
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