From Financial Modeling Prep: 2025-01-17 12:04:00

Evercore ISI analysts reiterated an Outperform rating on Apple (AAPL) with a $250 price target, citing optimism in Apple’s ability to meet expectations supported by growth in emerging markets and strong performance in Services and Wearables segments, including new AirPods and Apple Watch offerings.

Apple’s strong iPhone cycle is expected to continue into the March quarter, potentially surpassing seasonal trends. Despite concerns of iPhone weakness in China, steady demand is projected, especially in emerging markets contributing to a growing share of iPhone sales.

In China, Apple has demonstrated resilience against Huawei’s competition, maintaining flat year-over-year revenue in September 2024. Reports of Huawei’s chip supply struggles further strengthen Apple’s competitive position in the market.

Apple’s gross margins for the December quarter are anticipated to align with guidance, with similar projections for March 2025. Analysts suggest investor focus may shift towards the rumored iPhone 17 with a new form factor, potentially boosting the stock.



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