00:00It's Benzinga bringing Wall Street to Main Street
00:02Apple could see a strong iPhone upgrade cycle as richer U.S. carrier promotions help consumers
00:07absorb higher device prices, according to Bank of America analyst Wamsi Mohan.
00:11The analyst reiterated a buy rating and $370 price forecast for Apple, citing capital returns,
00:17edge AI potential, and opportunities in new products and markets.
00:20Bank of America said maximum trade-in credits for the iPhone 18 Pro Max have risen to $1,200,
00:26up from $1,100 for the iPhone 17 Pro Max and $1,000 for the iPhone 16 Pro Max.
00:34Mohan said the promotions largely offset Apple's higher pricing.
00:38He expects higher average selling prices and adoption of the iPhone.
00:41For all things money, visit Benzinga.com.
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