Apple: UBS highlights strong rebound in China shipments

(CercleFinance.com) - This morning, the analyst said that iPhone shipments in China rebounded strongly in May (+13% year-on-year), outperforming the market.
Analysts said that iPhone shipments rebounded 320 bp y-o-y to 16.4% over the month - Apple's 13% y-o-y growth largely beat the 14% decline in local brands.

Following this announcement, UBS confirms its buy rating on the stock, along with its target price of 185 dollars.

The group is also benefiting from presentations at the annual developer conference, WWDC. The event featured a new range of Macbooks and the arrival of new versions of the operating systems for the iPhone (iOS 16), Macs (macOS Ventura), iPad (iPadOS 16) and the connected watch (watchOS 9).


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