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Pro Analysis

Buy Apple on next year's iPhone 'super cycle,' Credit Suisse says

iPhone 7
Mark Neuling | CNBC
iPhone 7

Investors should buy Apple shares in anticipation of better years ahead for the iPhone franchise starting in 2017, according to Credit Suisse, which reiterated its outperform rating.

"We see an opportunity for Apple to gain high-end market share and build upon the recent near-term momentum around the iPhone 7," analyst Kulbinder Garcha wrote in a note to clients Tuesday.

"We believe a super cycle around the iPhone 8, and troubles in Samsung's product lines should help drive unit growth."