Apple Holdings Reduced as Analysts Predict Strong Sales of iPhone Duo
A leading investment firm, Lincoln Capital Corp, has reduced its Apple Inc. holdings by selling 3,614 shares in the second quarter. The company now owns 50,719 shares of Apple stock, which accounts for 4.8% of its total portfolio.
This represents a decrease of 6.7% in Lincoln Capital Corp's Apple holdings. As of the latest SEC filing, the value of these shares is approximately $14,676,000. Apple remains one of the firm's top positions.
In other Apple news, analysts are predicting strong sales for the iPhone Duo foldable handsets, with Counterpoint Research estimating that 6 million units will be sold in 2026. The device is expected to launch on October 16 and deliveries will begin a week later.