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Buy Apple on strong global iPhone demand: Nomura

Apple iPhone 7
Mark Neuling | CNBC

Investors should buy Apple shares on more evidence iPhone sales will beat expectations, according to Nomura, which reiterated its buy rating.

"The steady positive news across geographies on the iPhone 7 launch implies demand is stronger than thought. We believe the supply chain is preparing for upward revisions to production forecasts," analyst Jeffrey Kvaal wrote in a note to clients Thursday.