RBC's Amit Daryanani thinks Apple will report shipping between 67 million and 68 million iPhones for the holiday quarter, and that the current quarter will see upwards of 50 million iPhones shipped. He also expects Apple to see more growth as more retailers and banks support Apple Pay, and when Apple Watch ships this spring.
Mr. Daryanani thinks 80 percent of Apple's iPhone sales will be made of of the 6 and 6 Plus models, which will help boost the company's bottom line. If he's right, that will show consumers were more interested in the newer—and higher priced—models during the holiday buying season.
Along with his $123 target price, Mr. Daryanani has an “Outperform” rating on Apple's stock. Apple is currently trading at $105.89, down 0.93 (0.87%).
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