Apple earnings beat on sturdy iPhone demand ‘priced in’

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Apple earnings beat on sturdy iPhone demand ‘priced in’

Tim Prepare dinner, chief govt officer of Apple Inc., speaks concerning the new iPhone Professional throughout an occasion on the Steve Jobs Theate


Tim Prepare dinner, chief govt officer of Apple Inc., speaks concerning the new iPhone Professional throughout an occasion on the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 10, 2019. Apple unveiled the iPhone 11 that can substitute the XR and begin at $699. Photographer: David Paul Morris/Bloomberg through Getty Photos

David Paul Morris | Bloomberg | Getty Photos

With a slew of worth goal raises from Wall Avenue pushed by sturdy iPhone gross sales, Apple’s beat on its earnings is already priced into the inventory, in accordance with Deutsche Financial institution.

The agency raised its worth goal on the inventory to $230 per share from $210 per share. Deutsche Financial institution’s goal continues to be beneath Apple’s Monday closing worth of $240.51 per share.



cnbc.com