Strong iPhone Presales Are Good News for Apple

Presales of Apple's (NASDAQ: AAPL) long-awaited iPhone 12 vaulted out of the gate, according to noted analyst Ming-Chi Kuo of TF International securities. Kuo reported that presales of the device during the first 24 hours were more than twice that of the previous model. There was also strong demand for the iPhone 12 Pro in China, all of which is great news for Apple shareholders.

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Source Fool.com