As CNBC reports, Goldman Sachs has raised the price target for Apple shares from $200 to $240. The price forecast of $699 for the upcoming LCD iPhone has also been raised.
The reason for the correction would be the high demand for the iPhone X in recent months. Due to this, analyst Rod Hall writes that Apple will not be interested in covering the mass market with an entry-level model. According to him, the iGroup is optimistic that the next iPhone generation will also achieve high sales figures.
Previously, the price was estimated at 699 US dollars - now the price forecast has been raised to a whopping 849 US dollars, which would be significantly more than previously expected. Whether he is correct in his assessment remains to be seen until September 12th.
