Apple can deliver upside to low iPhone 16 sales expectations: Evercore ISI
The firm said a recent survey it conducted revealed robust demand for Apple's latest iPhones, particularly in the U.S., bolstering confidence in the company's ability to deliver upside in what is seen as a critical product cycle.
"We are surprised by the strength of the survey results, which point to high demand for the new iPhones as well as solid ASP growth," Evercore stated. Additionally, the survey pointed to a modest increase in ASP, driven by more users opting for the higher-end Pro Max model.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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