Apple: Wedbush says buy with better iPhone 14

(CercleFinance.com) - On Monday Wedbush Securities maintained its buy rating on Apple shares, along with its target price of 220 dollars, praising the "robust" demand for iPhone 14 pre-orders.


In a morning report, the analyst points out that many of the "Pro" models currently have delivery times that extend into mid-October.

Otherwise, most of the range is experiencing delivery times of between three and four weeks, he points out, while the average time is quickly becoming longer, he adds.

In short he says that demand and orders for the iPhone 14 are slightly ahead of iPhone 13 numbers and ahead of our estimates as orders kick off.

The market seemed to agree, with the share up almost 4% yesterday.


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