Shares of Apple Inc. are up 0.5% in Friday trading, reversing earlier declines, after BTIG analyst Walter Piecyk wrote of “early indications of favorable iPhone product mix” for the March quarter. Piecyk cites data from Wave7, a wireless research firm, that say Apple picked up market share in the March period, with most of its gains coming from Samsung Electronics Co. . The data also show that more customers are opting for the iPhone X and 8 Plus, Apple’s two most expensive models, with the mix of older iPhones falling. Still, he argued that handset sales volumes in the United States are likely to remain sluggish in the first calendar quarter of the year as the operators’ competitive dynamics are still tame.” Apple shares are up 20% over the past 12 months, while the Dow Jones Industrial Average has gained 17%.
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