iPhone XS Debut Wins Some Positive Early Wall Street Reviews
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Apple Inc. released two of its newest iPhones for sale over the weekend, and some upbeat comments from Wall Street helped lift the stock, which had petered out following a brief rally when the new models were unveiled earlier this month.
More attractive discounts at carriers including Verizon Communications Inc. should benefit sales of the iPhone XS and XS Max and result in volume growth in the low- to mid-single digit range, RBC Capital Markets said. Positive indications of sales over the weekend should surprise investors expecting a “lukewarm reception,” according to Citigroup Inc.