UBS expects Apple (AAPL) to announce the launch of the fourth generation of the iPhone SE on Feb 19th with availability two weeks later, but based on supply chain checks and the required channel fill ahead of a launch, the firm’s estimates and most likely the company’s total revenue guide of “low to mid-single” digits year over year growth for the March quarter already captures the launch, the analyst tells investors. UBS notes that its checks indicate the SE4 should be the first iPhone using an internally designed modem instead of a component from Qualcomm (QCOM). UBS has a Neutral rating and $236 price target on Apple shares.
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