It's time to check the settings app for a software update again. The firm maintained its Overweight rating and $196 price target on Apple stock in the note that included the results of the survey and explained why the stock is pressured right now. We have seen countless of reports that tips tens of millions of consumers have been holding out for iPhone X, these Apple loyal fans have been patiently waiting get their hands on the first radically redesigned iPhone since dating back in 2014. Additionally, over two-thirds expect to purchase the watch with cellular functionality, putting upward pressure on ASPs. As for the iPad Pro models for 2018, we still do not have a clear idea as to when Apple plans to update that lineup.
We are not pointing about the top sides on either edge of the "notch" located at the top of the iPhone X's OLED Super Retina display, but it is indeed annoying too. See support.apple.com for more information. In the year-ago period, Apple reported revenue of $46.9 billion and gross margin of 38%. She feels that there's significant pent-up demand for the iPhone, a bullish argument we've been hearing for at least a year. The thing that is doubting about the upcoming release of the iPhone X is that Apple has already released the iPhone 8. Further, 14% of non-iPhone users plan to switch, versus 12% previously.
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Meanwhile, the Apple iPhone X, the company's flagship smartphone for 2017 is all set for public release on November 3, just a few weeks from now. This year's models include the iPhone 8 and iPhone 8 Plus, as well as the company's 10th anniversary, fully redesigned edition known as iPhone X (pronounced "iPhone Ten"). He feels that the Trump administration's policy changes could be a major stepping stone to helping Apple stock push the company toward a $1 trillion valuation.
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