HomeMarketsIndicesApple (AAPL) Continues To Expand Production Beyond China

Apple (AAPL) Continues To Expand Production Beyond China

Evercore ISI maintains an outperform rating and $210 price target on Apple (AAPL). The analyst notes that AAPL's app store revenue grew 3% in June, bringing growth rate to negative 1% for 3Q and U.S. gaming segment June revenue grew at 6% which is the highest revenue growth rate since January. Alex Coffey and Jenny Horne discuss AAPL as it is to report 3Q earnings on August 3rd, postmarket. They talk about how AAPL's supplier Foxconn withdraws from a $19.5B joint venture with Vedanta. This is seen as a blow to the Indian Prime Minister's efforts to transform the country. AAPL targets 25% production in India by 2025. Alex then demonstrates an example trade using APPL. The trade type is a skewed call butterfly and the directions is bullish. Tune in to find out more about the stock market today.

Next Gen Investing

10 Jul 2023

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