CNBC's Michael Bloom contributed to this report. FocusList is your one app to plan the day and be more productive using 25 minutes intervals. The firm raised its year-end price target for Apple to $175 from $170, representing a 20% upside from where the stock closed on Tuesday. Productivity, Lifestyle Release Date: February 2016 Last Update On: February 2019 Simplest Pomodoro app that sync with Mac in real-time (visit ) Get more DEEP WORK done. JPMorgan already had an overweight rating on the stock. A shortage of semiconductors and rolling breakouts of Covid-19 have caused major issues in tech supply chains, but Apple is managing better than its major smartphone competitors, JPMorgan said. "With the launch of iPhone SE3 in 2022, Apple has the opportunity to not only pleasantly surprise with a more robust iPhone 13 cycle, but also has the opportunity to drive material upside to consensus expectations for FY22," the note said. That could create upside in the years ahead if the phone proves popular, JPMorgan said. Many analysts and investors have described last year's iPhone 12 launch as a "super cycle" for the tech giant, while the upcoming iPhone 13 faces more modest expectations. Plan your entire day, and try to get everything on your list done. ![]() ![]() Here's how: Plan: Start the day by planning your activities throughout the day. We "see a path to upside for the shares medium-term both on account of upside to iPhone 12 estimates as well as low investor expectations heading into the iPhone 13 launch," the note said. FocusList is your one app to plan the day and be more productive using 25 minutes intervals, timeboxing and retrospective. The company should be able to sustain that bump in the quarters ahead, JPMorgan said in the note. Analyst Samik Chatterjee added the tech stock to JPMorgan's focus list on Wednesday, saying in a note to clients that increased estimates for iPhone 12 production and demand for Mac products suggested a near-term move higher for Apple. Checkout also FocusList for iOS - go to Get more DEEP WORK done. ![]() On Twitter, Facebook, Google News, and Instagram.The outlook for Apple is improving in the short and long-term as the tech giant gets a handle on the industry's supply chain issues, according to JPMorgan. Earlier this month, Deutsche Bank said it was “surprised at both the speed and magnitude of the rebound” in Apple shares, adding that the move “has us nervous.”įollow HT Tech for the latest tech news and reviews, also keep up with us Last week, Wolfe Research started coverage on Apple with an underperform rating. JPMorgan is not the only firm to strike a relatively cautious note ahead of the report.Īlso on Monday, Cowen warned that visibility was “still opaque,” and said forecasting demand “remains difficult given the ongoing impact of COVID-19 on consumption, Apple Store closures in different regions, possible delayed consumer purchases in anticipation of an upcoming 5G iPhone.” The firm has an outperform rating on the shares, and wrote that owning the stock at current levels “is not about the quarterly results/outlook into this call,” but instead about its long-term prospects. FocusList: Focus Timer Simplest Pomodoro app that sync with Mac in real-time (visit ) Get more DEEP WORK d You can find all the iPhone iPad apps here. The firm still sees “ample upside to the shares, but largely on willingness to look to the out-year,” a “time horizon that a majority of investors we have discussions with are willing to participate in the shares for.”Īpple is scheduled to report third-quarter results after the market closes on July 30. JPMorgan has an overweight rating on Apple shares, and despite removing the company from the focus list, raised its price target to $425 from $365. FocusList is a simple and effective daily planner & focus app that uses the Pomodoro technique.
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