Apple: Deutsche Bank raises target price
(CercleFinance.com) - Deutsche Bank raised its target price for the Apple share from 320 dollars to 350 dollars on Wednesday after a Bloomberg article reported that the tech giant will announce a move to UK-based chipmaker ARM within its Mac computers at WWDC at the end of the month.
In a note to clients, the broker said the adoption of the ARM ecosystem could help Apple reduce costs and improve control, while improving battery life and reducing the size/weight of a notebook PC.
Deutsche Bank pointed out that the improvement in profit for the Mac line-up is "high," seeing potential savings of up to 40%-60% from a shift to ARM.
The broker kept its "buy" rating on the stock.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a note to clients, the broker said the adoption of the ARM ecosystem could help Apple reduce costs and improve control, while improving battery life and reducing the size/weight of a notebook PC.
Deutsche Bank pointed out that the improvement in profit for the Mac line-up is "high," seeing potential savings of up to 40%-60% from a shift to ARM.
The broker kept its "buy" rating on the stock.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.