Apple iPhone Demand in China Is Firm, Recent Checks Show: Wedbush

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Apple iPhone Demand in China Is Firm, Recent Checks Show: Wedbush

Seekingalpha2023-11-24

Recent supply chain checks in Asia show that demand for Apple's iPhone 15 is "very firm," Wedbush Securities said on Friday.Analyst Dan Ives, who has an outperform rating and $240 price target on ...

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nywles
·2023-11-25
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Rickey Mingkil
·2023-11-24
$Direxion Bull(TSLL)$
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And while the U.S. is one of the clear bright spots for Apple and the iPhone 15 launch, China is still likely to aid the tech behemoth.\"In China while Huawei has seen a success with its latest smartphone, we still believe Apple is seeing modest growth for iPhones in the December quarter with ASPs that are rising with the heavier mix of iPhone Pros this time around,\" Ives wrote in an investor note.He added that there are likely more than 100M iPhones in China that can be upgraded, with the \"golden goose\" of this cycle the heavy mix of the iPhone 15 Pro, believed to be roughly 80% of units, compared to 60% for the iPhone 14 line. As such, the average selling price is likely to give Apple (AAPL) a \"major tailwind,\" with ASPs pushing towards $925, compared to $825 or $850 over the past few years.\"Overall we believe for the December quarter iPhone revenue will be up modestly year over year and right now are tracking slightly ahead of our expectations into this Black Friday weekend which kicks off the holiday season,\" Ives wrote.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":245107459543192,"gmtCreate":1700864599379,"gmtModify":1700864602397,"author":{"id":"3555362771681553","authorId":"3555362771681553","name":"nywles","avatar":"https://static.tigerbbs.com/a7e6473ec2cec348d167d7d95fbdb76c","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3555362771681553","authorIdStr":"3555362771681553"},"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/245107459543192","repostId":2385442958,"repostType":2,"repost":{"id":"2385442958","kind":"highlight","pubTimestamp":1700838633,"share":"https://ttm.financial/m/news/2385442958?lang=&edition=fundamental","pubTime":"2023-11-24 23:10","market":"us","language":"en","title":"Apple iPhone Demand in China Is Firm, Recent Checks Show: Wedbush","url":"https://stock-news.laohu8.com/highlight/detail?id=2385442958","media":"Seekingalpha","summary":"Recent supply chain checks in Asia show that demand for Apple's iPhone 15 is \"very firm,\" Wedbush Securities said on Friday. Analyst Dan Ives, who has an outperform rating and $240 price target on App","content":"<html><head></head><body><p>Recent supply chain checks in Asia show that demand for Apple&#39;s iPhone 15 is &#34;very firm,&#34; Wedbush Securities said on Friday.</p><p>Analyst Dan Ives, who has an outperform rating and $240 price target on Apple (NASDAQ: AAPL), said that demand is &#34;very consistent&#34; for the iPhone 15 in China, citing no major negative revisions to builds. And while the U.S. is one of the clear bright spots for Apple and the iPhone 15 launch, China is still likely to aid the tech behemoth.</p><p>&#34;In China while Huawei has seen a success with its latest smartphone, we still believe Apple is seeing modest growth for iPhones in the December quarter with ASPs that are rising with the heavier mix of iPhone Pros this time around,&#34; Ives wrote in an investor note.</p><p>He added that there are likely more than 100M iPhones in China that can be upgraded, with the &#34;golden goose&#34; of this cycle the heavy mix of the iPhone 15 Pro, believed to be roughly 80% of units, compared to 60% for the iPhone 14 line. As such, the average selling price is likely to give Apple (AAPL) a &#34;major tailwind,&#34; with ASPs pushing towards $925, compared to $825 or $850 over the past few years.</p><p>&#34;Overall we believe for the December quarter iPhone revenue will be up modestly year over year and right now are tracking slightly ahead of our expectations into this Black Friday weekend which kicks off the holiday season,&#34; Ives wrote.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple iPhone Demand in China Is Firm, Recent Checks Show: Wedbush</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple iPhone Demand in China Is Firm, Recent Checks Show: Wedbush\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-24 23:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4040087-apple-iphone-demand-china-firm-recent-checks-show-wedbush><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Recent supply chain checks in Asia show that demand for Apple's iPhone 15 is \"very firm,\" Wedbush Securities said on Friday.Analyst Dan Ives, who has an outperform rating and $240 price target on ...</p>\n\n<a href=\"https://seekingalpha.com/news/4040087-apple-iphone-demand-china-firm-recent-checks-show-wedbush\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4574":"无人驾驶","BK4588":"碎股","AAPL":"苹果","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4573":"虚拟现实","LU0106831901.USD":"贝莱德世界金融基金A2","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4127":"投资银行业与经纪业","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4170":"电脑硬件、储存设备及电脑周边","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4592":"伊斯兰概念","BK4532":"文艺复兴科技持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0238689110.USD":"贝莱德环球动力股票基金","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0072462426.USD":"贝莱德全球配置 A2","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0080751232.USD":"富达环球多元动力基金A","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4527":"明星科技股","BK4501":"段永平概念","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4579":"人工智能","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC"},"source_url":"https://seekingalpha.com/news/4040087-apple-iphone-demand-china-firm-recent-checks-show-wedbush","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2385442958","content_text":"Recent supply chain checks in Asia show that demand for Apple's iPhone 15 is \"very firm,\" Wedbush Securities said on Friday.Analyst Dan Ives, who has an outperform rating and $240 price target on Apple (NASDAQ: AAPL), said that demand is \"very consistent\" for the iPhone 15 in China, citing no major negative revisions to builds. And while the U.S. is one of the clear bright spots for Apple and the iPhone 15 launch, China is still likely to aid the tech behemoth.\"In China while Huawei has seen a success with its latest smartphone, we still believe Apple is seeing modest growth for iPhones in the December quarter with ASPs that are rising with the heavier mix of iPhone Pros this time around,\" Ives wrote in an investor note.He added that there are likely more than 100M iPhones in China that can be upgraded, with the \"golden goose\" of this cycle the heavy mix of the iPhone 15 Pro, believed to be roughly 80% of units, compared to 60% for the iPhone 14 line. As such, the average selling price is likely to give Apple (AAPL) a \"major tailwind,\" with ASPs pushing towards $925, compared to $825 or $850 over the past few years.\"Overall we believe for the December quarter iPhone revenue will be up modestly year over year and right now are tracking slightly ahead of our expectations into this Black Friday weekend which kicks off the holiday season,\" Ives wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":245003772506264,"gmtCreate":1700839285161,"gmtModify":1700839287547,"author":{"id":"4159412902135042","authorId":"4159412902135042","name":"Rickey Mingkil","avatar":"https://community-static.tradeup.com/news/cc659afd34e549412baa767e925fec43","vip":1,"crmLevel":1,"crmLevelSwitch":1,"idStr":"4159412902135042","authorIdStr":"4159412902135042"},"htmlText":"<a href=\"https://ttm.financial/S/TSLL\">$Direxion Bull(TSLL)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/TSLL\">$Direxion Bull(TSLL)$&nbsp;</a>","text":"$Direxion Bull(TSLL)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/245003772506264","repostId":2385442958,"repostType":2,"repost":{"id":"2385442958","kind":"highlight","pubTimestamp":1700838633,"share":"https://ttm.financial/m/news/2385442958?lang=&edition=fundamental","pubTime":"2023-11-24 23:10","market":"us","language":"en","title":"Apple iPhone Demand in China Is Firm, Recent Checks Show: Wedbush","url":"https://stock-news.laohu8.com/highlight/detail?id=2385442958","media":"Seekingalpha","summary":"Recent supply chain checks in Asia show that demand for Apple's iPhone 15 is \"very firm,\" Wedbush Securities said on Friday. Analyst Dan Ives, who has an outperform rating and $240 price target on App","content":"<html><head></head><body><p>Recent supply chain checks in Asia show that demand for Apple&#39;s iPhone 15 is &#34;very firm,&#34; Wedbush Securities said on Friday.</p><p>Analyst Dan Ives, who has an outperform rating and $240 price target on Apple (NASDAQ: AAPL), said that demand is &#34;very consistent&#34; for the iPhone 15 in China, citing no major negative revisions to builds. And while the U.S. is one of the clear bright spots for Apple and the iPhone 15 launch, China is still likely to aid the tech behemoth.</p><p>&#34;In China while Huawei has seen a success with its latest smartphone, we still believe Apple is seeing modest growth for iPhones in the December quarter with ASPs that are rising with the heavier mix of iPhone Pros this time around,&#34; Ives wrote in an investor note.</p><p>He added that there are likely more than 100M iPhones in China that can be upgraded, with the &#34;golden goose&#34; of this cycle the heavy mix of the iPhone 15 Pro, believed to be roughly 80% of units, compared to 60% for the iPhone 14 line. As such, the average selling price is likely to give Apple (AAPL) a &#34;major tailwind,&#34; with ASPs pushing towards $925, compared to $825 or $850 over the past few years.</p><p>&#34;Overall we believe for the December quarter iPhone revenue will be up modestly year over year and right now are tracking slightly ahead of our expectations into this Black Friday weekend which kicks off the holiday season,&#34; Ives wrote.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple iPhone Demand in China Is Firm, Recent Checks Show: Wedbush</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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And while the U.S. is one of the clear bright spots for Apple and the iPhone 15 launch, China is still likely to aid the tech behemoth.\"In China while Huawei has seen a success with its latest smartphone, we still believe Apple is seeing modest growth for iPhones in the December quarter with ASPs that are rising with the heavier mix of iPhone Pros this time around,\" Ives wrote in an investor note.He added that there are likely more than 100M iPhones in China that can be upgraded, with the \"golden goose\" of this cycle the heavy mix of the iPhone 15 Pro, believed to be roughly 80% of units, compared to 60% for the iPhone 14 line. As such, the average selling price is likely to give Apple (AAPL) a \"major tailwind,\" with ASPs pushing towards $925, compared to $825 or $850 over the past few years.\"Overall we believe for the December quarter iPhone revenue will be up modestly year over year and right now are tracking slightly ahead of our expectations into this Black Friday weekend which kicks off the holiday season,\" Ives wrote.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":19,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}