On the heels of Apple Inc.’s (NASDAQ:AAPL) latest unveiling of the iPhone 7/7 Plus, Drexel Hamilton top analyst Brian White remains as bullish as ever, noting that of all of the companies in his Apple Monitor have reported August sales and the results came in well above historical averages.

White wrote, “Final August sales for our Apple Monitor rose by approximately 19% MoM and much stronger than the average increase of 7% over the past eleven years. This was the strongest August ever. Given the increased seasonality around the iPhone, August sales over the past five years for our Apple Monitor have risen by 6% MoM and increased by 13% in August 2015. Also, Apple supplier Pegatron reported a 0.2% sales increase in August and better than the down 3% average over the past five years.”

“If we assume an average MoM sales increase in September, we estimate 3Q:16 sales for our Apple Monitor will rise by 36% QoQ and much better than the average increase of 19% over the past eleven years. By comparison, we are modeling nearly a 9% QoQ sales increase for Apple in the September quarter versus a five-year average increase of 5% for past September quarters,” the analyst continued.

As usual, we like to include the analyst’s track record when reporting on new analyst notes to give a perspective on the effect it has on stock performance. According to TipRanks, top five-star analyst has achieved a high ranking of #85 out of 4,147 analysts. White upholds a 62% success rate and garners 9.1% in his yearly returns. When recommending AAPL, White earns 19.3% in average profits on the stock.

TipRanks analytics demonstrate AAPL as a Strong Buy. Based on 35 analysts polled in the last 3 months, 30 rate a Buy on AAPL, 4 maintain a Hold, while 1 issues a Sell. The consensus price target stands at $125.44, marking a nearly 21% upside from where the stock is currently trading.