Apple stock gets an upgrade as analyst sees ‘compelling’ reason to buy forthcoming iPhone models

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Apple stock gets an upgrade as analyst sees ‘compelling’ reason to buy forthcoming iPhone models
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The coming iPhone cycle may be a non-event, but rising conviction in a strong 2020 lineup has one analyst feeling bullish about Apple Inc.’s prospects.

The coming iPhone new product cycle may be a non-event, but rising conviction in a strong 2020 lineup has one analyst feeling bullish about Apple Inc.’s prospects.

“With an aging installed base, we think a reasonably priced 5G phone will be a very compelling upgrade,” Caso said in his note to clients. “While there’s some question about the customer utility for 5G, we think there’s enough sweat and money being spent by the carriers on this technology that they will convince customers of the utility.”

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