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Benzinga

Business

Anusuya Lahiri

JPMorgan Analyst Notes China Impact On Apple iPhone Shipments

JPMorgan Apple Samik Chatterjee

JPMorgan analyst Samik Chatterjee noted that the China Academy of Information and Communications Technology disclosed that international shipments tracked at 7.3 million for January beat the historical average of 4.8 million shipments for the month and "the highest shipments for the month of January since 2015."
Chatterjee equates international shipments to Apple Inc's (NASDAQ:AAPL) iPhone shipments.
Related Content: BofA Analyst Is Bullish On Apple - See Why
Chatterjee maintained an Overweight rating and $210 price target (24.3% upside) on Apple shares.
Price Action: AAPL shares traded higher by 0.62% at $169.92 in the premarket on the last check Friday.

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