Apple Stock A Buy On 'Revenue Durability & Visibility': Analyst Highlights China Smartphone Sales Up In February
1. Strong smartphone momentum noted in international markets, notably China. 2. Goldman Sachs analyst maintains Buy rating with a $294 price target. 3. Foreign-branded phone shipments in China increased by 9% year-over-year in February. 4. Apple's iPhone revenue makes up 51% of fiscal 2024 earnings, dependent on upgrades. 5. Apple faces potential supply chain disruptions and market focus on revenue growth.