Apple iPhone estimates raised at Cowen, firm sees 'healthy' iPhone SE demand
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Apple (NASDAQ:AAPL) is the recipient of some positive commentary from Wall Street, as investment firm Cowen raised its iPhone build estimates for the March quarter.
Analyst Krish Sankar, who has an outperform rating and a $180 price target, noted that builds in the first-quarter increased due to "healthy" iPhone SE demand. Second-quarter builds have remained steady, but there could be some softness to come given concerns in China's economy and the ongoing Russian invasion of Ukraine.

Sankar lowered his build estimate for the June 2022 quarter by 1 million to 48 million, which would be up 9% year-over-year.
"We believe there is scope for additional share gains in China this year," Sankar wrote. "We estimate iPhone sales into Russia are less than 5% of units."
Apple (AAPL) shares rose slightly more than 0.5% to $171.26 in premarket trading.
On Wednesday, Wedbush Securities analyst Dan Ives said Apple (AAPL) was seeing "stellar" iPhone 13 demand, while adding that the supply chain is also showing improvements.