Some Great News for Apple Inc.'s iPhone X Sales
Analyst Jun Zhang with Rosenblatt Securities recently claimed in a research note, by way of Street Insider, that production of Apple's (NASDAQ: AAPL) iPhone X flagship smartphone now sits at 3 million units per week, or about 430,000 units per day, and could grow to 4 million units per week, or about 570,000 units per day, in December. Those production levels appear to jibe with similar claims from KGI Securities analyst Ming-Chi Kuo.
This level of production, Zhang reportedly said, means Apple and its contract manufacturers are ahead of schedule -- something that'll allow Apple to more quickly reach supply-to-demand balance for this phone.
Image source: Apple.
Source: Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 140 Buy predictions and 14 Sell predictions.
As a result the target price of 214 € shows a slightly positive potential of 2.12% compared to the current price of 209.55 € for Apple Inc..