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Analyst: iPhone 7 line to spur 8% unit growth for Apple’s smartphone biz

In a note to clients — as noted by AppleInsider — UBS analyst Steven Milunovich says he expects the iPhone 7 series will spur 8% unit growth in fiscal year 2017 — a number he said is close to current Wall Street consensus.

Looking forward to fiscal 2018, the investment firm analyst forecasts that sales of the iPhone 8″ will cause a spike in sales, amounting to 16% year-over-year growth. Milunovich reiterated UBS’s “buy” rating on shares of AAPL with a $127 price target.

the authorDennisSellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.