Wells Fargo Maintains an 'Outperform' on Apple (AAPL); Voice Is The Killer App (Again)!

Wells Fargo maintains an 'Outperform' on Apple (NASDAQ: AAPL) price target range of $460-$480.

Wells analyst says, "We attended Apple’s big iPhone event on Tuesday, 10/4, and came away feeling good; probably better than most about the new line-up. While there is obvious disappointment that the company did not release a new form factor iPhone 5 – we think the upgraded iPhone 4S provides plenty of new features to promote upgrades. The new phone is to be available for pre-order on October 7 and available in stores on October 14. The company also added Sprint to its list of US carriers."

"As we previewed on Monday, we still believe that the bigger news coming out of the event is the enhancements in iOS 5 and in iCloud. We believe the Siri virtual assistant that is integrated into iOS is revolutionary, and a clear differentiator for Apple."

For more ratings news on Apple click here and for the rating history of Apple click here.

Shares of Apple closed at $372.50 yesterday.

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