Apple Car could be worth at least $14 per share to Apple, says analyst
(iMore iPhone)

That is a lot of money... What you need to know One analyst has just upgraded Apple`s stock rating from `neutral` to `buy`. David Vogt of UBS says Apple Car could be worth at least $14 per share. Vogt also estimates Apple will ship 220M iPhones in 2021. A new report says that analyst David Vogt of UBS has updated his Apple stock rating from `neutral` to `buy` and says that a rumored Apple Car could be worth at least $14 per share to the company. From Seeking Alpha: Telling investors to `bite the big Apple`, UBS upgrades the iPhone maker from Neutral to Buy and raises the price target from $115 to $142. Vogt`s upgraded target price comes in part from `stable long-term` demand for the iPhone 12 and beyond, as well as higher average selling prices and Apple`s rumored foray into the world of cars, the latter of which is based on ever-increasing rumors Apple wants to release a self-driving electric vehicle. Speaking about Apple Car, Vogt says that `Apple`s auto optionality i...