“Key drivers are our expectation for both iPhone unit growth and ASP increases.”
“Apple tends not to be first to market but often wins first to mind.”
Institutional holding among the big boys is at its highest level since 2013.
“Due diligence by our Japan analysts has led them to raise their CY17 procurement estimates by over 10mm units.”
“In every year over the past decade except 2008, the largest company has traded at a discount to the market.”