The recently launched iPhone 15 series is seeing robust demand, outstripping supply, according to Goldman Sachs. This trend has prompted the firm to predict a more than 20% upside for Apple Inc. (NASDAQ:AAPL) shares, CNBC reported.
Apple’s new iPhone 15 range was launched last Tuesday and opened for pre-orders on Friday across over 40 regions. The devices will be available from Sep. 22 and will expand to an additional 21 markets on Sep. 29.
Goldman Sachs noted a delay of more than eight weeks for selected phones in certain regions, indicating a supply-demand imbalance. The firm maintains a buy rating on Apple shares with a price target of $216, suggesting a 23.4% upside from Friday’s close.
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