Reactions to Apple’s Latest Products: iPhone 15 and Apple Watch
Apple made an interesting pricing move by keeping prices unchanged for its new iPhone models in the U.S., while raising them in China, Japan, and India. This decision has raised mixed reactions among experts. China, which accounts for nearly 20% of Apple’s total sales, is a crucial market for the tech giant.
Morgan Stanley reiterated its investment opinion on Apple as overweight, indicating a positive outlook. On the other hand, Wedbush raised its price target to $240 per share, reflecting strong confidence in Apple’s future performance.
Despite the anticipation surrounding the new products, Apple’s stock closed the day down 1.2%. However, it is worth noting that the stock is currently held in Jim Cramer’s Charitable Trust portfolio, indicating potential long-term value.