$Apple(AAPL)$ BofA expects App

$Apple(AAPL)$ BofA expects Apple to deliver an earnings beat for the March quarter, driven by robust iPhone demand and continued strength in the high-margin Services business.

Analyst Wamsi Mohan said BofA models “revenues above guidance for the March quarter,” adding it sees “upside to Street estimates given continued strong iPhone sales, double-digit growth in Services revenue, and benefit from FX.”

BofA reiterated its Buy rating and raised its price target on AAPL from $300 to $325.

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