LONDON (Bloomberg) -- Apple’s first-quarter results spurred optimism among analysts that demand for the tech giant’s iPhones will endure, especially as the company is said to be preparing to launch a new low-cost model and a 5G-enabled device later this year.
Analysts were particularly positive on growth in China, as well as the outlook for the second quarter, even as the performance of the services division disappointed.
Analysts at Cowen also cautioned of the potential impact of the coronavirus outbreak on demand in the all-important Asian region.