Stock Groups

Apple to Sell Over 10M iPhones on Black Friday Weekend Says Wedbush -Breaking

by Mike Robinson

[ad_1]

© Reuters

Sam Boughedda

Investing.com — Wedbush analyst Daniel Ives stated that he had seen supply problems in Apple (NASDAQ) stores. He also estimated that the company would sell more than 10 million iPhones over Black Friday weekend.

Apple’s shares dropped 3% Friday.

Ives stated that the iPhone 13 in Sierra Blue or Gold is the most popular model, and added that Apple may sell around 40 million iPhones during Black Friday Weekend and Christmas. 

According to Ives, this number could mean an unprecedented holiday pace, even if his estimations are right, given the current global supply shortage. Ives stated that he is bullish about Apple’s fiscal quarter 1 results.

Analysts maintained an outperform rating on Apple stock and set a price target of $185. Apple’s stock prices are down by around 2.75%, which is in line with other markets.

TFI Asset Management analyst Ming Chi Kuo claimed that Apple would launch an enhanced reality headset next year in the fourth quarter.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]