Market Overview

JP Morgan: Apple Has Caught Up With U.S. iPhone 6 Demand, Neutral Impact To Shares

Share:

JP Morgan's Rod Hall on Monday commented that Apple Inc. (NASDAQ: AAPL) has now caught up with domestic iPhone 6 demand, as consumers will no longer be forced to wait when purchasing an iPhone 6 or iPhone 6 Plus.

According to Hall's checks at Apple retail outlets in the Southern U.S., only the sim-free iPhone 6 Plus comes with a lead time of just one day. The analyst adds that other than the sim-free device, all configurations are listed as “in stock.”

However, Hall notes that this development has a neutral impact to shares. The analyst notes that this development is consistent with the company's commentary during its fourth quarter conference call where the company indicated that iPhone supply demand should reach a balance by the end of 2014.

Shares of Apple recently traded at $110.02, down 1.7 percent.

Latest Ratings for AAPL

DateFirmActionFromTo
Aug 2019Initiates Coverage OnEqual-Weight
Jul 2019MaintainsHold
Jul 2019MaintainsBuy

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: iPhone iPhone 6 iPhone 6 Plus JPMorgan Rod HallAnalyst Color Analyst Ratings

 

Related Articles (AAPL)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
DEReiterates175.0
AMWDMaintains92.0
FTDRMaintains55.0
REDUDowngrades
ZSDowngrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Euro Steadies In U.S. As European Trading Winds Down

Top Performing Industries For January 12, 2015