Apple Price Target Maintained With a $360.00/Share by Morgan Stanley
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Apple unveiled its first foldable iPhone at $1,999 during Wednesday's "Surprise and Shine" event. Analysts said the lower-than-expected price could pressure hardware gross margins even as the device drew broad praise.
Apple (NASDAQ: AAPL ) stock has retreated by over 6% from its highest point this year. It has also formed the risky bearish flag pattern, pointing to more downside, as it plans to hike iPhone prices. Has Apple Stock Become Overvalued? Apple, the third-biggest company in the world, may have become highly overvalued, jum