Apple (AAPL) Needs to Vastly Expand iPhone Market to Keep Up with Samsung - Analyst
Tweet
Share
E-mail
Get Alerts AAPL Hot Sheet
Price: $305.93 --0%
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 19
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 19
Join SI Premium – FREE
Apple, Inc. (Nasdaq: AAPL) will need to focus on getting into the mid-tier smartphone market if it hopes to compete more wholly with Samsung heading into the latter part of 2013.
Barclays' Ben Reitzes, which rates Apple at Overweight with a price target of $575, notes the Apple will need to expand its iPhone market "in a big way" following Samsung's recent announcement of a mid-tier Galaxy S III and Galaxy Grand. He sees Apple debuting a lower-priced iPhone -- which he tentatively calls the "iPhone 5S" -- by the middle of 2013.
In terms of operating systems, Reitzes believes Apple needs to take it up a notch or two with iOS. He notes that integration of streaming music will be "critical" to attracting and retaining younger users.
For the higher-end smartphone market, reports out over the weekend hinted at Samsung debuting its Galaxy S IV in the middle of March, while HTC introduced the world to its latest flagship -- HTC One -- at an event today. Both are gunning to take more market share from Cupertino, CA-based Apple.
Shares are down modestly Tuesday afternoon.
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 $460.16 yesterday.
Barclays' Ben Reitzes, which rates Apple at Overweight with a price target of $575, notes the Apple will need to expand its iPhone market "in a big way" following Samsung's recent announcement of a mid-tier Galaxy S III and Galaxy Grand. He sees Apple debuting a lower-priced iPhone -- which he tentatively calls the "iPhone 5S" -- by the middle of 2013.
In terms of operating systems, Reitzes believes Apple needs to take it up a notch or two with iOS. He notes that integration of streaming music will be "critical" to attracting and retaining younger users.
For the higher-end smartphone market, reports out over the weekend hinted at Samsung debuting its Galaxy S IV in the middle of March, while HTC introduced the world to its latest flagship -- HTC One -- at an event today. Both are gunning to take more market share from Cupertino, CA-based Apple.
Shares are down modestly Tuesday afternoon.
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 $460.16 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Rothschild Redburn Upgrades Apple (AAPL) to Buy
- Quanterix Corp. (QTRX) PT Lowered to $3 at Canaccord
- ADC Therapeutics (ADCT) PT Lowered to $5 at Guggenheim
Create E-mail Alert Related Categories
Analyst Comments, Trader TalkRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
