Evercore ISI analysts maintain an Outperform rating on Apple with a $220 price target, highlighting the company’s strong December quarter results that exceeded expectations.

iPhone sales and services saw growth, while iPad and wearables sales declined. The March quarter guidance, however, indicates a weaker outlook with lower revenues and earnings per share.

Despite challenges in China, Apple expects increased gross margins and positive developments in Vision Pro app offerings and generative AI product releases.

Analysts see potential for growth in the iOS install base and sustained robust free cash flow and capital allocation for Apple.

Read me at: Apple’s Review by Evercore ISI – FinancialModelingPrep