as informed in RELATED:Wall Street's iphone 8 Estimates 'Way Too Low'; Apple Gets Price HikeThis News Suggests Apple iPhone 'Supercycle Is Brewing' He raised estimates on Apple iPhone shipments for the company's 2018 fiscal year, to 260 million units, up from 245 million. Apple stock hit a record high of 142.80 on March 21. JPMorgan analyst Rod Hall raised his price target on Apple to 165 from 142 and reiterated a rating of overweight. Apple stock was up 0.8%.
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Apple (AAPL)'s iPhone Build Plans Have Been Adjusted Down At Susquehanna
No 'Cohesive Reason'The analyst stated that the industry contacts he met with were unable to provide any cohesive reason to explain the reduction in iphone build. According to Susquehanna Financial Group's Mehdi Hosseini, Apple Inc. (NASDAQ: AAPL) is expected to build fewer iPhone 8 devices than previously expected following meetings with unnamed entities in Taiwan and Korea. As such, Hosseini suggested that Apple could also be cutting back on its build plans to manage procurement. As such, the analyst is speculating that the now higher price tagper iPhone unit may explain the lower build forecasts. By lowering production, Apple could be in a better position to avoid any vulnerability of memory bit supply to demand changes.
Samsung Galaxy S8 and Next Apple iPhone May Sport Higher Prices
The new Galaxy S8 will sell for 799 euros, a 100 euro price hike and an expected larger screen model will sell for 899 euros, Blass reported . The possible price hike carries tremendous risk for Samsung, analyst Jan Dawson at Jackdaw Research warns. The new screen technology is more expensive, in part prompting a higher price. With just two days to go before Samsung officially unveils its Galaxy S8 smartphone, the rumors have piled up about expected cool new features including a larger edge-to-edge screen and gigabit-download speed capability. "Just because Apple is able to raise prices and still get lots of sales doesn't mean everyone else can," he says.
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