Two Apple Stories This JPMorgan Analyst Is Watching

In a report published Wednesday, JPMorgan analyst Rod Hall commented on two

stories he is following. Firstly, Hall noted that Apple has raised prices at a number of its international online stores including Australia, Canada, New Zealand, France, Denmark, Sweden, Finland and Portugal due to the strength of the U.S. dollar. The analyst commented that Apple products are "typically price inelastic" but higher prices could "dampen demand somewhat" depending on the degree of the price increase. Second, Hall detailed

"strong" February year over year sales growth of 33.8 percent to NT$62.6 billion (approximately $1.977 billion). At the same time,

reported its February revenues rose 16.6 percent year over year to NT$12.1 billion (approximately $382.13 million). Hall added that both of these events have a "neutral impact" on Apple's share price.