On July 2nd, Apple (AAPL.US) rose 2.91%, closing at $216.75 with a total market value of $3.32 trillion. The latest data from the China Academy of Information and Communications Technology shows that China's domestic smart phone shipments in May amounted to 28.6 million units, a year-on-year increase of 13.5%. According to calculations, foreign brand growth rate is nearly four times this number, with Apple phones accounting for the majority. In addition, brokerage Oppenheimer has raised Apple's target price from $200 to $250, maintaining an "outperform" rating.
美股异动｜苹果收涨近3% 奥本海默将其目标价上调至250美元
Apple rose nearly 3% in the US stock market. Bernstein raised its target price to $250.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.