Apple To Benefit From Pent-Up Demand For iPhone 8 In China

Survey data indicate a "significant pent-up demand" in China for Apple's (AAPL) upcoming iPhone 8 smartphone, Maxim Group analyst Nehal Chokshi said in a report Monday.

The data prompted Chokshi to raise his 12-month price target on Apple stock to 180 from 171, while keeping his buy rating. Apple stock was up 2.8%, near 146.30, in afternoon trading on the stock market today.

Maxim's May survey data showed strong purchase intent for the iPhone 8 among a sampling of consumers. Of 197 Chinese...

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