The world's "
Apple has several other big announcements set for this week, including the Nike Inc
Piper Jaffray said there are two distinct buy-side themes surrounding Apple:
- The risk with Apple involves March 2017 and June 2017 quarters, where an iPhone 7 unit deceleration will become more evident.
- A "slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15 percent," wrote Piper Jaffray analysts.
Analyst are not expecting any insight on these two themes in Q4 and therefore maintains its Overweight and $151 price target.
"We expect in-line September results and believe the take away from the Sep-16 quarter and Dec-16 guide should be that iPhone 7 is off to a good start, but supply remains constrained," said Piper Jaffray.
At last check, Apple was up 0.7 percent at $117.42.
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|Oct 2016||Susquehanna||Initiates Coverage On||Positive|
|Sep 2016||Guggenheim||Initiates Coverage on||Buy|
|Sep 2016||Credit Suisse||Maintains||Outperform|
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