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<Research>Jefferies Sets Apple's TP at USD205.82; iPhone 17's New Features Basically in Line
During its latest product launch event, Apple (AAPL.US) introduced the iPhone 17, AirPod Pro 3, and a new Apple Watch, Jefferies wrote in its research report.The new features of th...
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<Research>Jefferies Sets Apple's TP at USD205.82; iPhone 17's New Features Basically in Line
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During its latest product launch event, Apple (AAPL.US)      introduced the iPhone 17, AirPod Pro 3, and a new Apple Watch, Jefferies wrote in its research report.

The new features of the iPhone 17 series were basically in line with expectations, except that all four models are equipped with a new chip, whereas Jefferies expected only two models would receive the new chip.

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In terms of pricing, Apple didn't hike the price of the iPhone 17 as Jefferies and the market had predicted. Instead, the company even lowered the price of the basic model in the US and China.

In China, the official price for the 256GB version of the iPhone 17 is RMB5,999, meeting government subsidy standards, which is believed to be a boon for sales.

Jefferies set its target price for Apple at USD205.82, with a Hold rating.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsCore Inflation Rate MoM for Aug in United States is 0.3%, unchanged from its last period. The forecast was 0.3%.

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