Apple earnings should be strong as the company continues to roll out personal devices that are popular among consumers despite an ongoing memory supply crunch, according to UBS. The investment bank raised its price target on shares to $287 from $280, implying 7.2% from Monday’s close. The move comes just two days before Apple reports fiscal second-quarter earnings. “Supply chain strength and sustained demand/share gains for the iPhone 17 series should lift iPhone rev up ~20% YoY,” analyst David Vogt said Monday in a note to clients. AAPL 1M mountain AAPL 1-mo Vogt also raised its fiscal third-quarter revenue forecast for Apple by roughly 4% to $102 billion, suggesting 8.5% year-over-year growth. The analyst also expects “solid demand in…
