Analyst: Apple iPhone average selling price will increase with iPhone 12

In a note to clients, Raymond James analyst Chris Caso said his firm’s production checks show that Apple has ordered more higher-end iPhone 12 models than entry-level handsets, which should boost the iPhone’s average selling price (ASP). This, in turn, has caused Caso to boost his price target on Apple shares.
iPhone 12 render (image via svetapple.sk)
Patrick Seitz for Investor’s Business Daily:“While our total production estimates are in line with current consensus, we e