"Deutsche Bank analysts, however, played down the importance of any cut in iPhone 8 production in favor of iPhone X. “We think the market could have over-focused on the production swing in different SKUs, but overlooked that the overall iPhone production is largely on track,” they wrote, differentiating between different Taiwanese suppliers."
Lol!! Yes it will fall to that price when it forward splits but that’s not happening anytime soon. Price target $190 coming especially when they come out and beat the street estimates