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City ups its Apple Target, iPhone 10S Max is easy on the eyes, and more sifting through

Bloomberg's Server Saga. It's Tuesday the 9th of October 2018. I'm Ken Ray and this is news from Maco West

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In the wake of the Bloomberg Server Saga

an einhorn's green light ditching its apple shares,

a bit of good news for Apple from the financial front.

CNBC says City Research has upped its price target on Apple

thanks to falling memory prices.

Well, that in the strength of the iPhone, of course. In his note to clients,

Citi's Dollar Jim Suva wrote, we increase our financial model primarily due to higher average selling

prices and strong gross margins, given the consumer

preference for higher memory configurations of iPhones coupled with the new falling memory prices. Of course that's only helpful that people are still interested in iPhones, which he says they still are.

Quoting the Suva note again, our checks suggest solid demand for iPhone 10-S and 10-S max, and importantly, most

consumers opting for higher memory iPhone configurations.

Suva seems positive on Apple's stock, perhaps even downright bullish.

He used Monday's note to up his price target on the company's shares from $230 to $265.

Generally speaking, when someone says something is easy on the eyes,

it means that thing is attractive to look at.

...