5 Articles
5 Articles
Bullish JP Morgan bumps AAPL price target to $345
JP Morgan increased the price target for Apple's stock to $345, insisting that the RAM-driven hardware cost increases won't impact long-term revenue gains.Sales will continue fine for premium products like the Mac Studio, JP Morgan reckons. Late in June, Apple finally gave in and raised the price of many products, in the face of the global memory crisis. In the view of JP Morgan, it's not that big an issue for the company.In a note to investors …
Apple has a "price elasticity" of underestimated demand that should allow the consumer electronics giant to resist its recent hardware price increases, says Wall Street analyst. Apple's shares fall back on Tuesday (7). Price elasticity is an economic measure of how much demand or supply of a product responds to price changes. Exclusive material for subscribers. To have full access, access the material link and register.
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