Consumers’ intentions to purchase an iPhone increased to 26 percent versus 20 percent last year, an RBC survey found, with 68 percent of respondents hoping to buy higher-tier memory models. “We think demand for this generation iPhones – XS Max/XS/XR – is robust and average selling prices and gross margins could improve,” analyst Amit Daryanani says. Daryanani hikes his price target, revenue and earnings per share estimates on Apple.
