Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Shares of Apple Inc. (NASDAQ: AAPL) got a boost on Wednesday after a survey by analysts at Bank of America found there is healthy demand for the iPhone 7.
According to the analysts, attach rates for the iPhone 7 are not only "healthy" but will see an 11 percent year-over-year growth. The findings imply that the iPhone 7 and iPhone 7 Plus could end up outselling the iPhone 6 and 6 Plus, which sold 36 million units in the first half of 2015.
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Related Link: Apple Upgrades Alone Should Lead To 11% YoY iPhone Sales Growth In The First Half Of 2017
'Wow'
CNBC's Jim Cramer commented on the study and summarized the findings with one word: "Wow."
Cramer also highlighted another report by Bernstein's Toni Sacconaghi, which found Apple's average selling price for the iPhone 7 is favorable.
"This stock is very hot," Cramer said. "No one wants to talk about the fact that the Samsung is one of the great botched recalls in history. Samsung is getting carved up alive and the average selling price are going higher for Apple."
Cramer reiterated a call he has made in the past and investors should buy Apple's stock, not "trade" it, especially after Samsung's "fiasco" recall.
"The winner here is Apple - even if most of the analysts won't say it," Cramer concluded.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.