Expect two OLED iPhones, one LCD iPhone in 2018

Joanna Estrada
January 22, 2018

The firm also cited limited visibility into the potential of future iPhone cycles "and emerging challenges to the smartphone's dominance at the centre of consumer technology". The brokerage now has a $175.00 price objective on the iPhone maker's stock, up from their previous price objective of $160.00. According to Apple the update was introduced to avoid unexpected shutdowns but researchers claimed that it was Apple's gimmick to make the users shift to newer iPhones.

"Tougher ASP [average selling price] comps and the lack of a volume "supercycle" with the iPhone X will leave it hard to build conviction in future cycles", Cordwell wrote.

Slow sales and lessening demand of the iPhone X are forcing Apple to consider ending production of the flagship device.

However, for a company like Apple that generates nearly $150 billion per year in annual revenue from iPhone sales alone, the potential return on Apple's investment in broadening out its iPhone portfolio is enormous. The stock was sold at an average price of $174.40, for a total value of $1,004,544.00. The company's stock is up 49 percent the last 12 months. Institutional investors own 60.20% of the company's stock. Blue Sky Asset Management LLC acquired a new stake in shares of Apple during the 2nd quarter worth about $108,000. Highwater Wealth Management LLC grew its stake in shares of Apple by 14.7% during the 2nd quarter.

From October to December 2017, iPhone 7 and iPhone 7 Plus accounted for about a quarter of sales in the USA as reported by CIRP. Finally, Pioneer Trust Bank N A OR boosted its position in Apple by 1.1% during the 2nd quarter.

TRADEMARK VIOLATION NOTICE: "Apple (AAPL) Given a $174.00 Price Target by Barclays Analysts" was published by Week Herald and is the property of of Week Herald.

Some jitters are winding their way through the market grapevine, where rumor has it Apple Inc. While usually Apple keeps older iPhone models around for an extra couple of years at a reduced cost, analysts believe that the company will actually discontinue the iPhone X instead.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER