On Friday, the iPhone X finally went on sale in India which led to queues outside Apple retailers in major metropolitan areas. Undeterred by Rs 89,000 starting price tag, for the 64GB version, people lined up to buy the new phones. The iPhone X starts at Rs 89,000 for 64GB, while the 256GB version is price at Rs 1,02,000 and will be available in Silver and Space Grey Colours. "We see iPhone X unlocking pent-up iPhone upgrades, especially in China, driving more than 20 percent iPhone unit growth and a revenue and earnings beat in 2018," analyst Katy Huberty on Morgan Stanley said. At least seven brokerages raised their price targets on the stock, with Citigroup making the most bullish move by raising its price target by $30 to $200.

Source: dna November 03, 2017 14:48 UTC