Wedbush supports Apple: iPhone 16 hot sale AI upgrade trend will drive strong rebound in the Chinese market
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Wade Bush Securities analyst Dan Iverson maintains an "outperform" rating on Apple with a target price of $300. iPhone 16 sales in China increased by 20% year-on-year, with the high-end Pro and Pro Max models growing by 44%. Iverson predicts that with the arrival of the artificial intelligence upgrade trend, Apple's iPhone sales in the Chinese market will rebound strongly in the next year, with an estimated 100 million iPhones in the Chinese market facing upgrade opportunities by 2025. Apple's stock price rose by 1.8% in pre-market trading
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