Shares of Apple are in focus after Credit Suisse wrote that the company’s upcoming iPhone7 will likely be overshadowed by Apple’s next iPhone upgrade. Credit Suisse says next year’s release of the iPhone8 will have ‘significant innovations’ that will drive ‘an accelerated replacement cycle.’ The brokerage firm said Apple’s near term product cycle is uncertain but it is maintaining its overweight rating on the stock, along with its $150 price target.
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