Apple (AAPL) Could Sell Up to 10M iPhone 5s in First Weekend - Gene Munster
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Price: $305.54 -0.13%
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
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Following stellar weekend iPhone 5 numbers from the company, the ax in the stock, Gene Munster, has spoken.
The well-known Piper Jaffray analyst said that given the 2 million pre-order unit number, Apple may sell 6-10 million iPhone 5s in the first weekend. Apple sold 4 million iPhone 4S in the opening weekend, so this suggests growth of 50-150 percent.
Munster maintained his Overweight rating and price target of $910 on Apple.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple are up 0.8 percent to $696.90.
The well-known Piper Jaffray analyst said that given the 2 million pre-order unit number, Apple may sell 6-10 million iPhone 5s in the first weekend. Apple sold 4 million iPhone 4S in the opening weekend, so this suggests growth of 50-150 percent.
Munster maintained his Overweight rating and price target of $910 on Apple.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple are up 0.8 percent to $696.90.
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