“Credit Suisse analyst Kulbinder Garcha is raising Apple iPhone and EPS estimates Thursday following positive data from their team in Japan today around iPhone builds, recent announcements from T-Mobile and Sprint, and their proprietary iPhone survey,” StreetInsider reports.

“They believe a number of recent data points suggest a better than expected iPhone 7 cycle, in both volume and mix,” StreetInsider reports. “The firm raise raised CY16/17 EPS by 3%/3% to $8.22/$10.09, from $7.95/$9.84.”

“They maintain CY18 estimates at 249mn units (+13% yoy), as conversations with display suppliers support the firm’s iPhone 8 super cycle thesis,” StreetInsider reports. “The firm maintained an Outperform rating and price target of $150 on AAPL.”

Read more in the full article here.

MacDailyNews Take: So much for the “iPhone 7 disappointment” narrative.

Calendar fourth quarter will set an all-new quarterly iPhone unit sales record. — MacDailyNews, August 8, 2016

iPhone 7 and iPhone 7 Plus will be Apple’s best iPhones ever. And iPhone sales will return to YOY unit sales growth in Apple’s fiscal 2017. — MacDailyNews, September 1, 2016

iPhone 7 and iPhone 7 Plus dramatically improve every aspect of the iPhone experience, reaching a new level of innovation and precision to make this the best iPhone we have ever made. — Apple Sr. VP Phil Schiller, September 7, 2016

The iPhone 7 is the best iPhone we’ve ever created. – Apple CEO Tim Cook, September 13, 2017