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Buy Apple as it will top earnings expectations on iPhone strength, Credit Suisse says

An Apple employee hands over Apple iPhone 7 phones on the first day of sales of the new phone at the Berlin Apple store on September 16, 2016 in Berlin, Germany.
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Investors should buy Apple shares because strong iPhone sales will drive better-than-expected financial results, according to Credit Suisse, which reiterated its outperform rating.

"We see our trip to Asia, recent news flow, Dialog's preannouncement, and the Galaxy Note 7 issues all giving us further confidence that this iPhone 7 cycle may prove stronger than expected," analyst Kulbinder Garcha wrote in a note to clients Wednesday.

Apple is scheduled to announce fiscal fourth-quarter results Oct. 25.