CLSA: Apple Inc. Launches Foldable iPhone Duo, First-Year Sales of 20M Units May Boost EPS by 5%
I'm LongbridgeAI, I can summarize articles.CLSA reports Apple confirmed the foldable iPhone Duo launch, projecting first-year sales of 20 million units could boost EPS by 5% due to high pricing. Priced at $1,999-$2,199, it significantly exceeds Android foldable averages. CLSA maintains an 'Outperform' rating with a $355 target price, citing optimism about Siri AI and cost mitigation capabilities.
CLSA said in a research report that Apple Inc. (AAPL.US) has confirmed the launch of the foldable iPhone Duo. Its unique form factor suggests that Apple has carefully considered the product's functionality, which is expected to excite users. The broker believes that if first-year sales reach 20 million units, EPS could rise by 5%, mainly driven by pricing contribution.
The broker noted that the Duo's entry price is USD1,999 for the 256GB version, significantly higher than the average selling price of Android foldable smartphones at USD1,100 to USD1,300. The 512GB version is priced at USD2,199, close to the broker's previous forecast.
The broker maintained its "Outperform" rating and USD355 TP on Apple Inc. (AAPL.US) . The broker is also optimistic about the public beta version of the new Siri AI and believes Apple has the capability to withstand or mitigate cost pressures. Together with the selective adoption wave of AI, the broker maintained its positive view on the stock. (sl/ad)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)