When expressed in dollar terms, iPhone prices are way higher in most any country that is not the US anyway.
Apple posted a strong March quarter, but commentary implied incremental weakness in June driven by currency, the loss of Russia revenue, and the most significant impact coming from production issues driven by China lockdowns. We assume revenue of ~$81B take these factors into consideration. The production issues ought to be transitory – and they occur at the best possible time of the year during the weakest seasonal period ahead of fall launches.
While he still has an outperform rating on Apple's stock, his $190 price target is somewhat lower than of most other analysts polled by
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