From Financial Modeling Prep: 2024-11-12 07:48:00

UBS analysts maintain Neutral rating and $236 price target on Apple stock, citing stable demand and improved iPhone supply. UBS Evidence Lab data shows current wait times for iPhones are equal to or shorter than last year, indicating balanced demand and efficient supply chains.

Despite launching Apple Intelligence for US English, no increase in iPhone wait times observed, suggesting minimal immediate impact on demand. UBS projects limited influence on consumer interest from this AI feature, estimating December 2024 quarter iPhone units at 78 million, flat year-over-year. Apple may not see significant demand shifts during upcoming holiday season.



Read more at Financial Modeling Prep:: UBS Maintains Neutral Outlook on Apple