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Apple’s iPhone 7 ‘Plus’ Should Support Higher Average Prices, Says Canaccord

Canaccord Genuity’s Mike Walkley this morning reiterates a Buy rating on shares of Apple (AAPL), and a $140 price target, writing that long order times for the iPhone 7 bode well for Apple’s average selling price for the phone. “We believe initial iPhone 7 sales continue to trend positively, leading us to increase our December quarter iPhone estimate from 75M to 76.5M,” he writes.
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