This dynamic reflects"a balance of better-than-expected Sep-Q results" and the potential for a"shortfall" in first-quarter fiscal 2025 guidance.
While demand has improved in recent weeks, the volume remains"modestly below last year," according to JPMorgan. "We expect our unchanged volume forecast of 245 million iPhone units in 2025E" to lead to revenue growth above consensus levels by the second and third quarters of 2025, the analysts stated.
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