Apple (AAPL) Against Samsung; Barclays Sees A Battle Royale To Dominate Smartphone Market
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Price: $443.22 +0.24%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 13
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 17 | New: 13
Trade AAPL Now!
Barclays reiterates an 'Overweight' on Apple (NASDAQ: AAPL) price target of $750.00.
Analyst, Ben A. Reitzes, is taking the Samsung launch of Galaxy SIII seriously, especially one loaded with new features and is in high demand (colleague lowered Galaxy SIII shipment estimates for Q2 from 8 million to 6.5 mln due to production shortages, but boosted Q3 from 14 million to 15 mln. Reviews on the new Samsung were generally positive.
Reitzes sees iPhone sales down 20% quarter-over-quarter in Q2 as competition spikes and Apple customers wait for the iPhone 5. He sees upside to sales in Q4. But, stronger iPad sales should pick up the slack for lower iPhone sales.
All in, Reitzes said, "We continue to believe Apple's market cap can see further gains as it extracts more profits out of the traditional PC and mobile phone industries."
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $570.77 yesterday, with a 52 week range of $327.25-$644.00.
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Analyst, Ben A. Reitzes, is taking the Samsung launch of Galaxy SIII seriously, especially one loaded with new features and is in high demand (colleague lowered Galaxy SIII shipment estimates for Q2 from 8 million to 6.5 mln due to production shortages, but boosted Q3 from 14 million to 15 mln. Reviews on the new Samsung were generally positive.
Reitzes sees iPhone sales down 20% quarter-over-quarter in Q2 as competition spikes and Apple customers wait for the iPhone 5. He sees upside to sales in Q4. But, stronger iPad sales should pick up the slack for lower iPhone sales.
All in, Reitzes said, "We continue to believe Apple's market cap can see further gains as it extracts more profits out of the traditional PC and mobile phone industries."
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $570.77 yesterday, with a 52 week range of $327.25-$644.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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