UPDATE: Apple (AAPL) Blows Off Morning Downgrade, Focuses on iPhone 5 Call from 'Mr. $1001'
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Price: $433.26 -0.3%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
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(Updated - April 9, 2012 1:52 PM EDT)
While this morning's downgrade of Apple (Nasdaq: AAPL) at BTIG was today's ratings du jour, now attention is swinging toward Topeka's Brian White bullish note on the stock.
The note follows a recent visit to China and Taiwan to meet suppliers.
White said the iPhone 5 will be "extraordinary" and could dwarf previous launches. "In our view, this will be the most significant iPhone upgrade with a four-inch screen and a new, sleek look that we believe will require a Unibody case," he said.
While he said suppliers will likely start production in June, the introduction of the iPhone 5 may make more sense in the August/September time-frame versus a June/July launch. He notes the iPhone 4S was just lunched in October 11.
On the iPad, White said production might have been higher if not for panel production issues driven by Apple's retina display technology. He believes the issue has now been solved.
There's also indications an "iPad mini" is in the works, according to White, though no specific timing has been made.
No official launch of the new iPad was made in China, but the device appears to have shown up at several resellers. White commented, "Essentially, these resellers are buying the new iPad elsewhere and reselling in Mainland China. One reseller was selling the new iPad 4G, 64-GB version price for $950 (plus $125 for shipping, if required) versus $829 in the U.S."
He continues to rate the stock at Buy with a "Street high" $1001 price target.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
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While this morning's downgrade of Apple (Nasdaq: AAPL) at BTIG was today's ratings du jour, now attention is swinging toward Topeka's Brian White bullish note on the stock.
The note follows a recent visit to China and Taiwan to meet suppliers.
White said the iPhone 5 will be "extraordinary" and could dwarf previous launches. "In our view, this will be the most significant iPhone upgrade with a four-inch screen and a new, sleek look that we believe will require a Unibody case," he said.
While he said suppliers will likely start production in June, the introduction of the iPhone 5 may make more sense in the August/September time-frame versus a June/July launch. He notes the iPhone 4S was just lunched in October 11.
On the iPad, White said production might have been higher if not for panel production issues driven by Apple's retina display technology. He believes the issue has now been solved.
There's also indications an "iPad mini" is in the works, according to White, though no specific timing has been made.
No official launch of the new iPad was made in China, but the device appears to have shown up at several resellers. White commented, "Essentially, these resellers are buying the new iPad elsewhere and reselling in Mainland China. One reseller was selling the new iPad 4G, 64-GB version price for $950 (plus $125 for shipping, if required) versus $829 in the U.S."
He continues to rate the stock at Buy with a "Street high" $1001 price target.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
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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