Apple upgraded because $1,000 iPhone will ‘extract’ more profits from consumers

Apple upgraded because $1,000 iPhone will ‘extract’ more profits from consumers

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/10/16/apple-upgraded-by-keybanc-because-1000-iphone.html

Apple's rollout of more expensive iPhone models this year will boost the smartphone maker's profits, according to one Wall Street firm.

KeyBanc Capital Markets raised its rating for Apple shares to overweight from sector weight, predicting the company will report better than expected earnings next year.

Apple upgraded because $1,000 iPhone will ‘extract’ more profits from consumers

Oct 16, 2017, 1:15pm UTC
https://www.cnbc.com/2017/10/16/apple-upgraded-by-keybanc-because-1000-iphone.html >Apple's rollout of more expensive iPhone models this year will boost the smartphone maker's profits, according to one Wall Street firm. >KeyBanc Capital Markets raised its rating for Apple shares to overweight from sector weight, predicting the company will report better than expected earnings next year.