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Fly News Breaks for May 31, 2016
AAPL
May 31, 2016 | 08:14 EDT
Bernstein believes that Apple's new iPhone SE could enable the company to obtain revenue from consumers who had previously bought used iPhones. The firm says that Apple obtains zero revenue from the sale of used iPhones. Bernstein believes that iPhone unit sales should grow in fiscal 2017, as long as replacement rates do not drop significantly. It keeps a $135 price target and Outperform rating on the shares.
News For AAPL From the Last 2 Days
AAPL
Apr 24, 2024 | 06:15 EDT
Apple saw sales of its iPhones fall 19.1% in the first three months of the year, CNBC's Ryan Browne reports, citing data from Counterpoint Research. Meanwhile, Huawei saw a 69.7% surge in smartphone sales in the country during the same period, Counterpoint said. Reference Link
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