Apple doesn't need iPhone 12 to beat 2019 Q4 revenue, JP Morgan says
Investment bank JP Morgan is expecting Apple to report September quarter earnings results that modestly beat expectations and for continued guidance upside into the iPhone 12 cycle.
Credit: Apple
In a note to investors seen by AppleInsider, analyst Samik Chatterjee notes that Apple shares continue to outperform the S&P 500, led by iPhone demand, iPad and Mac sales due to remote work and education, and the continuing momentum of Services.
Read more...