BNP Paribas Upgrades Apple, Sees Market Share Growth

BNP Paribas has upgraded Apple to 'outperform' from 'neutral,' citing a strategic opportunity for the iPhone maker. The firm believes Apple can leverage the current surge in memory chip prices to its advantage. This situation presents a potential pathway for Apple to expand its dominance within the competitive smartphone market. By capitalizing on the fluctuating costs of essential components, Apple may be able to solidify its position and gain additional market share against rivals.