Apple Inc.'s (AAPL
) shares may have recovered from last month's sell-off following its most recent quarterly report, but one team of analysts cautions on lower-than-expected iPhone production from the tech giant in the upcoming period.
Apple shares closed up about 0.4% on Monday at $176.82, reflecting a 4.5% gain year-to-date (YTD) versus the S&P 500's 1.8% increase over the same period. After the firm's Q1 report, Apple investors feared slowing demand for its smartphones, including its 10th anniversary iPhone X and new iPhone 8 and 8 Plus models.
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