Here’s What Wall Street Is Saying About Apple’s iPhone Revamp
- Lineup offers more choices and may fuel unit sales, ASPs
- Focus on profitability, services seen as a positive shift
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Apple Inc.’s introduction of its latest iPhones on Wednesday was largely in line with analyst expectations. The new product lineup, which offers higher average selling prices and dual-sim card support, may fuel stronger sales and profitability next year, they said.
Apple shares gained 0.2 percent in pre-market trading in New York Thursday, retracing some of the 1.2 percent decline in the stock Wednesday following its event. Some of Apple’s Asian suppliers fell following the event. Japan’s Alps Electric Co. closed 4.8 percent lower, TDK Corp. slipped 3.9 percent and Hon Hai Precision Industry Co. dropped 1.3 percent.