Barclays Attends Apple's (AAPL) WWDC: Software Strong, But Surprise No Hardware
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Price: $443.43 +2.35%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 36 | New: 12
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 36 | New: 12
Trade AAPL Now!
Barclays reiterates an 'Overweight' on Apple (NASDAQ: AAPL) price target of $750.00.
Analyst, Ben A. Reitzes, saisd, "We believe many of the software innovations were ahead of expectations, but we were surprised not to see Apple introduce the ability to write apps for Apple TV. The hardware announcements were impressive but excluded a lower priced MacBook Air for education. Also, no new iMacs were released and only the new Macbook Pro received a retina display. As a result, investors likely expected more. Nevertheless, we expect another major event in early September to release the next iPhone and several other key hardware products."
Overall, Reitzes thinks the iPhone sales will pick back up through the pre-paid market. He believes AAPL's market cap can expand by grabbing up more of the profits out of the traditional PC and mobile phone markets.
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 $571.17 yesterday, with a 52 week range of $310.50-$644.00.
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Analyst, Ben A. Reitzes, saisd, "We believe many of the software innovations were ahead of expectations, but we were surprised not to see Apple introduce the ability to write apps for Apple TV. The hardware announcements were impressive but excluded a lower priced MacBook Air for education. Also, no new iMacs were released and only the new Macbook Pro received a retina display. As a result, investors likely expected more. Nevertheless, we expect another major event in early September to release the next iPhone and several other key hardware products."
Overall, Reitzes thinks the iPhone sales will pick back up through the pre-paid market. He believes AAPL's market cap can expand by grabbing up more of the profits out of the traditional PC and mobile phone markets.
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 $571.17 yesterday, with a 52 week range of $310.50-$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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