AAPL – Apple Shares: $175 Target From JPMorgan

  • The shares of Apple Inc (NASDAQ: AAPL) have received a price target of $175 by JPMorgan. These are the details.

The shares of Apple Inc (NASDAQ: AAPL) have received a price target of $175 by JPMorgan. And JPMorgan analyst Samik Chatterjee maintains an “Overweight” rating on Apple shares.

Chatterjee pointed out that the China Academy of Information and Communications Technology disclosed that international brand mobile phone shipments — which are a proxy for mobile shipments — had rebounded in July and are now back to the historical average levels of 2.8 million following the weaker previous month of June.

The international shipments in July showed a 75% year-over-year increase after a 15% year-over-year decline in the previous month. 

Chatterjee also pointed out that a comparison of the trends between Apple and industry volumes indicates that Apple is continuing to gain market share in China. 

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