JPMorgan is of the opinion that the latest reports suggesting Apple has reduced orders for the iPhone 18 Pro series do not convincingly indicate a substantial decline in demand. In its investor report, the banking giant has revised Apple's target price upwards from $340 to $360, urging investors to concentrate on the company's long-term prospects. It's important to note that the target price is simply an analyst's projection and does not ensure that Apple's stock price will definitely reach that mark.
