Epstein Index›Documents›EFTA02662487
💨IMPACT LEVEL 1 — MEH

Epstein File EFTA02662487: Document from Set 11 (DS11)

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This document is a forwarded email from Amanda Ens containing an Apple Inc. investment analysis regarding iPhone 8 pricing and market performance. The analysis compares iPhone 8 cycle expectations to the iPhone 6 cycle and discusses upgrade potential and capital allocation options.

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Excerpt 1
NY 10022 Begin forwarded message: From: =/b>"Ens, Amanda" Subject: =/b>AAPL US: Apple =nc.: Price Objective Change . **iPhone** 8 likely
Excerpt 2
8 but take a more normalized multi-year view =n the **iPhone** 8 cycle (unlike the **iPhone** 6 cycle of 37% growth followed =y 8% unit decline).
Excerpt 3
**iPhone** upgrade =otential from the installed base and (7) optionality from increased =nshore cash for capital return and M&A.

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