Apple Inc reported strong first-quarter results last week and expectations for continued outperformance are running high. But an analyst at Credit Suisse is bracing for a more muted performance in the current calendar year and here’s why. The Apple Analyst Credit Suisse analyst Sami Badri maintained a Neutral rating on Apple shares and increased the price target from $150 to $168. The Apple Thesis After forecast-beating December quarter results, Apple’s management held off from giving explicit guidance but hinted at solid year-over-year growth in the March quarter, analyst Badri said in a note. Apple’s fiscal-year second-quarter revenue is likely to set a March quarter record despite supply constraints, the analyst said. However, the growth should decelerate due to tough comparisons, he added. The latest iteration of the iPhone was released in the September quarter in 2021 as opposed to the December quarter in 2020 and the current quarter is expected to experience a …