- GBH Insights analyst Daniel Ives says Apple’s (NASDAQ:AAPL) iPhone X could provide the “strongest iPhone product cycle to date.”
- Ives, formerly an analyst at FBR Capital Markets, says that the upgrade cycle will push “well into FY18” due to the device’s supply chain issues.
- But the delay will still result in a “super cycle upgrade” that’s a “major growth catalyst” for the next year.
- The analyst predicts Apple will sell 265M units in FY18 compared to the 231M in FY15, which was the peak iPhone 6 cycle.
- Ives initiates Apple at a price target of $190 to $200.
- Apple shares are up 1.63%.
- Previously: KeyBanc upgrades Apple on iPhone X pricing (Oct. 16)
- Previously: VirnetX announces results of Apple patent case, includes $1.20 per device (update) (Oct. 16)
- Previously: Apple roundup: iPhone 7 outselling 8, Huawei launching X rival, Pay coming to India (Oct. 16)