Will the iPhone (RED) boost Apple's sales? quoting : "Marketplace"

as declared in In a note released on Friday, Nomura Securities raised its price target for Apple, citing its expectations for a stronger iphone 8 cycle. The analyst also raised his price target for Apple shares to $165, while remaining at Buy. Accordingly, the analyst raised the high-end of his estimates. The iPhone frenzy is rising to feverish pitch, as iConic Apple Inc. (NASDAQ: AAPL) is working toward launching its 10th anniversary rendition of the smartphone. Raising Price TargetEven as customers and the Street wait on the product, sell-side analysts are working overtime, making educated and informed guesses on the product.


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A sticker with the (RED) logo is seen on an iphone box - Adam Berry/Getty Images for AppleApple's new iphone 7 — a distinctly colored red iPhone — is on sale today. Despite the corruption allegations, Munster sees Apple's association with the Global Fund as a plus. Proceeds from Apple's (RED) products and promotions account for 28 percent of the funds raised by the campaign. The newest iPhone is a collaboration between Apple and Bono's (RED) Campaign, but while the phone is connected to a charitable cause, it may also mean a bump in sales. The (RED) campaign raises funds to fight HIV/AIDS and is a division of the ONE campaign, which was also co-founded by the U2 frontman.


collected by :Andro Alex

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