Apple May Break Q1 Records - video Dailymotion

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2 days ago

Apple shares rose after announcing a partnership with Google, as a Bank of America analyst reiterated a Buy rating and raised expectations ahead of upcoming earnings.

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00:00It's Benzinga, bringing Wall Street to Main Street

00:02Apple Inc. shares traded higher Monday after announcing a new partnership with Google,

00:07as Bank of America analyst Wamsi Mohan reiterated a buy rating

00:11and raised confidence ahead of first quarter results expected later this month.

00:15According to Benzinga, Mohan maintained a $325 price target and said,

00:21Apple is set up bullishly into earnings. He expects strong December quarter results,

00:25driven by iPhone demand and expanding gross margins in both the December and March quarters.

00:31Mohan forecasts first quarter revenue above estimates,

00:33citing strong iPhone sales and double-digit services revenue growth.

00:37He estimated 85 million iPhones sold in the first quarter

00:40and raised second quarter unit estimates to 54 million.

00:44Mohan also pointed to potential catalysts later in the year,

00:47including a foldable iPhone and an enhanced Siri integrated with Gemini AI.

00:52For all things money, visit Benzinga.com.

00:55I

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