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Apple shares rise after analyst cites 'favorable' iPhone mix shift for March quarter

Shares of Apple Inc. AAPL, -2.32% are up 0.five% in Friday trading, reversing previous declines, after BTIG analyst Walter Piecyk wrote of "early indications of favorable iPhone product mix" for the March quarter. Piecyk cites knowledge from Wave7, a wireless research company, that say Apple picked up market proportion in the March period, with maximum of its good points coming from Samsung Electronics Co. 005930, -3.98% The knowledge also show that more consumers are opting for the iPhone X and 8 Plus, Apple's two most expensive fashions, with the combo of older iPhones falling. Still, he argued that handset sales volumes in the United States are prone to stay gradual in the first calendar quarter of the year as the operators' aggressive dynamics are nonetheless tame." Apple stocks are up 20% during the last 12 months, while the Dow Jones Industrial Average DJIA, -1.77% has received 17%.