UBS Reiterates Buy on Apple (AAPL) Following Product Launch

Piper's Gene Munster Comfortable with 11% Unit Growth After Apple's (AAPL) Announcemnt

September 8, 2016 8:36 AM EDT

Piper Jaffray analyst, Gene Munster, reiterated his Overweight rating on shares of Apple (NASDAQ: AAPL) along with his price target of $151.

The analyst stated " we believe the device will be compelling enough to encourage enough consumers to upgrade to return the... More

Apple (AAPL): Blended ASP Could Increase On Demand Of The Plus - RBC

September 8, 2016 8:10 AM EDT

RBC Capital analyst, Amit Daryanani, reiterated his Outperform on Apple (NASDAQ: AAPL) after yesterday's iPhone unveiling. He sees the potential for ASP shift to the high end if people favor the Plus model due to the incremental $20 price difference. The event is an incremental... More

Apple weighs on Wall St; energy shares a boost

September 8, 2016 7:28 AM EDT

By Caroline Valetkevitch

(Reuters) - U.S. stocks dipped on Thursday, pulled lower by Apple after its latest iPhone failed to impress Wall Street, but gains in energy shares limited the decline.

The Nasdaq broke a four-day streak of gains, led by declines in Apple (NASDAQ: AAPL). The stock fell 2.6 percent to $105.52 in its biggest daily percentage decline since June 24, when Britain's vote to leave the European Union unleashed a massive sell-off.

The company also said it would not release first-weekend sales of the new iPhone, limiting analysts' early visibility on the... More

Apple (AAPL) New Products In-Line with Expectations, Sees Shares Performing Well Into Year End - Mizuho

September 8, 2016 7:06 AM EDT

Mizuho Securities analyst Abhey Lamba reiterated a Buy rating and $120 price target on Apple (NASDAQ: AAPL) after the company announced the iPhone 7 and the Apple Watch Series 2. The analyst notes the new products are largely in-line with expectations and they expect the stock to... More

Apple (AAPL): Product Announcements Not Enough To Improve Financials - Oppenheimer

September 8, 2016 7:03 AM EDT

Oppenheimer analyst, Andrew Uerkwitz, reiterated his Perform rating on shares of Apple (NASDAQ: AAPL) after the product announcements offered insights into the future of the device ecosystem but did not offer enough new to materially increase the company's financial opportunities.

The... More

Wells Fargo Thinks Apple (AAPL) Shares will be 'Range Bound'; Analyst Cuts Rating to 'Market Perform'

September 8, 2016 6:33 AM EDT

(Updated - September 8, 2016 7:36 AM EDT)

Wells Fargo downgraded Apple (NASDAQ: AAPL) from Outperform to Market Perform and lowered its price target to $105-$120 (from $115-$125) following the company's iPhone 7 & 7 Plus unveiling yesterday. Analyst Maynard Um said positives are "largely known" and he thinks shares will be range bound given recent gains and balanced risk/reward. While the iPhone 8 has potential to be a big cycle, he thinks it's to... More

Cowen Positive on Apple (AAPL) Post-iPhone Event; Sees AirPods as Key Accessory for Co.

September 8, 2016 6:26 AM EDT

Cowen and Company affirms Apple (Nasdaq: AAPL) at Outperform with a price target of $125 following Wednesday's iPhone event.

Analyst Tim Arucir noted the following

iPhone 7/7+ specs themselves are exactly as we expected as is pricing (albeit at $769, 7+ is $20 more than we expected) and storage configurations. There was nothing really unexpected, but we continue to feel the bias for iPhone 7 is still more to the upside given the rapidly aging installed basethe next few Qs.The elimination of the headphone jack and introduction of wireless headphones... More

Apple (AAPL): Good Enough To Drive An Upgrade Cycle - BMO

September 8, 2016 6:16 AM EDT

BMO Capital analyst, Tim Long, reiterated his Outperform rating on shares of Apple (NASDAQ: AAPL) after attending the iPhone7 launch. The event was similar to his expectations but 5 items stand out: two new black case colors, doubled flash memory, water resistance, improved cameras, and a... More

Irish government wins strong backing by parliament for EU Apple appeal

September 7, 2016 5:23 PM EDT

DUBLIN (Reuters) - Ireland's government won strong backing from parliament for its appeal against a 13-billion-euro back tax bill the European Commission ordered it to collect from Apple (NASDAQ: AAPL), following 12 hours of debate on Wednesday.

Ireland's fragile coalition overcame initial misgivings... More

Apple (AAPL) Shares Ramp to Session Highs

September 7, 2016 3:27 PM EDT

Apple (NASDAQ: AAPL) shares are now ramping to session highs. The stock is up around 0.7 percent after being down as much as 0.6 percent.

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Apple (AAPL) Shares Lifeless Following iPhone Event

September 7, 2016 3:06 PM EDT

Apple (NASDAQ: AAPL) shares remain in negative territory Wednesday following the company's iPhone event. The stock is down around 0.3 percent.

For the latest Apple news, click here.

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Apple (AAPL) Announces New AirPods Wireless Headphones

September 7, 2016 2:54 PM EDT

Apple (Nasdaq: AAPL) introduced AirPods, innovative new wireless headphones that use advanced technology to reinvent how we listen to music, make phone calls, enjoy TV shows and movies, play games and interact with Siri®, providing a wireless audio experience not possible before. AirPods eliminate the hassles of wireless headphones, by just flipping open the lid of its innovative charging case and with one tap, they are instantly set up and ready to work with your iPhone® and Apple Watch®. Advanced sensors know when you are listening and automatically play and pause your music.... More

Apple (AAPL) Debuts iPhone 7, iPhone 7 Plus; Will Start at $649, Be Available Sept. 16th

September 7, 2016 2:53 PM EDT

Apple (Nasdaq: AAPL) introduced iPhone 7 and iPhone 7 Plus, the best, most advanced iPhone ever, packed with unique innovations that improve all the ways iPhone is used every day. The new iPhone features new advanced camera systems that take pictures like never before, more power and performance with the best battery life ever in an iPhone, immersive stereo speakers, wide color system from camera to display, two new beautiful finishes, and is the first water and dust resistant iPhone. iPhone 7 and iPhone 7 Plus will be available in more than 25 countries beginning Friday, September 16.

iPhone 7 and... More

Apple (AAPL) announces wireless AirPods Headphones

September 7, 2016 2:28 PM EDT

Apple (NASDAQ: AAPL) announces wireless AirPods Headphones

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Apple (AAPL) says to include analog headphone adapter in box

September 7, 2016 2:27 PM EDT

Apple (NASDAQ: AAPL) says to include analog headphone adapter in box

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Apple (AAPL) headphones to connect over lightning socket

September 7, 2016 2:25 PM EDT

Apple (NASDAQ: AAPL) headphones to connect over lightning socket

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Apple iPhone 7 Plus to have two 12MP Cameras, one telephoto and one wide-angle lens

September 7, 2016 2:13 PM EDT

Apple iPhone 7 Plus to have two 12MP Cameras, one telephoto and one wide-angle lens.

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Apple (AAPL) confirms iPhone 7 is water and dust resistant

September 7, 2016 2:05 PM EDT

Apple (NASDAQ: AAPL) confirms iPhone 7 is water and dust resistant

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Apple (AAPL) Introduces Apple Watch Series 2

September 7, 2016 2:01 PM EDT

Today, Apple® introduced Apple Watch® Series 2, the next generation of the worlds most popular smartwatch. Apple Watch Series 2 is packed with incredible fitness and health capabilities including a water resistance 50 meter rating for swimming,* and built-in GPS so users can now run without an iPhone®. Apple Watch Series 2 also features a dramatically brighter display and a powerful dual-core processor. Combined with the performance enhancements of watchOS® 3, Apple Watch Series 2 makes it even easier to access third-party apps, receive and respond to notifications and conveniently use Apple Pay®. Apple Watch Series 2 will be available in more than 25 countries beginning Friday,... More

Apple (AAPL) and Nike (NKE) Launch Apple Watch Nike+

September 7, 2016 1:59 PM EDT

Today, Apple® and Nike introduced Apple Watch® Nike+, the latest result of a long-standing partnership. Apple Watch Nike+ is the ultimate tool for anyone who runs, pairing exclusive Nike Sport Bands with Apple Watch Series 2, which features GPS, a two-times-brighter display, water resistance 50 meters,* a powerful dual-core processor and watchOS® 3. Apple Watch Nike+ also includes exclusive Siri® commands and iconic Nike watch faces along with deep integration with the new Nike+ Run Club app for unrivaled motivation to go for a run, coaching plans that adapt to your unique schedule and progress, and guidance from the worlds best coaches and... More

Apple (AAPL) Talks iPhone

September 7, 2016 1:55 PM EDT

Apple (NASDAQ: AAPL) now discussing iPhone. Says sold over billion iPhones.

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Apple (AAPL) Watch Series 2 to start at $369; Apple Watch Series 1 to start at $269

September 7, 2016 1:53 PM EDT

Apple (NASDAQ: AAPL) Series 2 to start at $369. Apple Watch Series 1 to start at $269.

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Apple (AAPL) partners with Nike on Apple Watch

September 7, 2016 1:47 PM EDT

Apple (NASDAQ: AAPL) partners with Nike on Apple Watch Nike Plus.

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UPDATE: Fitbit (FIT), Garmin (GRMN) Tick Lower as Apple Shows New Watch, Nike (NKE) Partnership

September 7, 2016 1:39 PM EDT

(Updated - September 7, 2016 1:53 PM EDT)

(Updated - September 7, 2016 1:47 PM EDT)

Fitbit (NYSE: FIT) and Garmin (Nasdaq: GRMN) ticked lower after Apple (Nasdaq: AAPL) introduced its new smartwatch. The new... More

Apple Watch is swim proof

September 7, 2016 1:37 PM EDT

Apple (NASDAQ: AAPL): Apple Watch is swim proof.

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Pokemon Go announced for Apple Watch

September 7, 2016 1:29 PM EDT

Pokemon Go announced for Apple Watch (NASDAQ: AAPL).

Related:

Nintendo Co. Ltd. (OTC: NTDOY)

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Apple (AAPL) announces new Apple Watch

September 7, 2016 1:25 PM EDT

Apple (NASDAQ: AAPL) announces new Apple Watch

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Nintendo Co. Ltd. ( NTDOY) gains on Super Mario game for Apple's iPhone 7

September 7, 2016 1:14 PM EDT

Nintendo Co. Ltd. (OTC: NTDOY) gains on Super Mario game for Apple's iPhone 7

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Apple (AAPL) iPhone 7 Offers New Camera, Water-Resistant

September 7, 2016 1:11 PM EDT

Apple (NASDAQ: AAPL) appears to have released details on the new iPhone 7 on Twitter ahead of the Apple event.

Apple tweeted: New cameras. Water-resistant. Stereo speakers. Longer battery life. This is 7.

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Apple (AAPL) iPhone 7 event starts

September 7, 2016 1:01 PM EDT

Apple (NASDAQ: AAPL) iPhone 7 event starts

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Amazon (AMZN) Launches iPhone 7 Page Ahead of Apple (AAPL) Event

September 7, 2016 12:39 PM EDT

Amazon.com (NASDAQ: AMZN) apparently has a page dedicated to iPhone 7 accessories up ahead of today's Apple (Nasdaq: AAPL) event.

The page in question is... More

Stock options suggest calm ahead of Apple launch

September 7, 2016 12:34 PM EDT

NEW YORK (Reuters) - Options activity surrounding Apple shares on Wednesday could best be described with an iPhone ringtone: crickets.

Implied volatility, a key factor in determining options pricing, was at the lowest it has been since 2009 ahead of an Apple (NASDAQ: AAPL) product launch. This means options traders were not foreseeing a post-launch jolt in the stock price.

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Apple (AAPL) volatility up on more calls than puts into iPhone event

September 7, 2016 12:28 PM EDT

Apple (NASDAQ: AAPL) is recently down 55c to $107.13 in the premarket into hosting an iPhone event on September 7. September weekly call option implied volatility is at 32, September is at 22, and October is at 20; compared to its 52-week range of 17 to 45. Call put ratio is 1.5 calls to 1 put.

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Ireland fights to restore investment reputation after Apple ruling

September 7, 2016 11:06 AM EDT

By Padraic Halpin

DUBLIN (Reuters) - The European Union's demand that Ireland claw back billions in tax from Apple has hit the country's reputation as an investment destination just as it eyes up opportunities from Brexit, but officials say the damage will be limited.

Apple (NASDAQ: AAPL) and the Irish government are both appealing against last week's European Commission ruling that the company's low tax bill in Ireland, where it is among the biggest multinational employers, constituted illegal state aid.

A campaign to redress the impact abroad has already begun and... More

Drexel Hamilton Apple Monitor 'Very Strong' (AAPL)

September 7, 2016 10:44 AM EDT

Drexel Hamilton analyst Brian White reiterated a Buy rating and $185 price target on Apple (NASDAQ: AAPL) citing a "very strong" Apple monitor ahead of the iPhone 7 launch.

White highlighted:

As of this morning, nearly all of the companies (97% of sales) in our Apple Monitor have reported August sales and the performance was much better than historical averages.Similar to the summer of 2013, we believe this summer will prove to be a bottoming process for Apple's stock with our estimates... More

Volatility and Volume movement

September 7, 2016 9:36 AM EDT

iPath S&P 500 VIX Short-Term Futures (VXX) up 4c to 33.86

CBOE Volatility Index (VIX) up 18c to 12.18

Actives: AAPL NFLX MU MSFT FB

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Wall Street ends flat as investors assess U.S. rates outlook

September 7, 2016 7:36 AM EDT

By Caroline Valetkevitch

(Reuters) - U.S. stocks ended little changed on Wednesday, though the Nasdaq eked out another record high close, as investors assessed the outlook for U.S. interest rates.

A disappointing forecast from Sprouts Farmers Market (NASDAQ: SFM) weighed on grocers. Sprouts shares were down 13.7 percent at $19.68, while Whole Foods (NASDAQ: WFM) shares fell 5.3 percent to $29.08 and Kroger (NYSE: KR) shares dropped 4.1 percent to $31.32.

Investors have been weighing the likelihood of a rate hike this month from the... More

Apple (AAPL) volatility at low end or range into iPhone event

September 7, 2016 6:11 AM EDT

Apple (NASDAQ: AAPL) is recently up 43c to $108.13 in the premarket into hosting an iPhone event on September 7. September weekly call option implied volatility is at 28, September is at 22, and October is at 20; compared to its 52-week range of 17 to 45.

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Tax avoidance must be targeted in EU equality push: Eurogroup head

September 6, 2016 4:18 PM EDT

By Jan Strupczewski

BRUSSELS (Reuters) - Fighting tax avoidance should be a cornerstone of a push by EU authorities for greater equality as they seek a response to a rise in populism across the continent, the head of euro zone finance ministers said on Tuesday.

Large multinational corporations must be... More

China's online chatter muted ahead of Apple iPhone 7 launch

September 6, 2016 1:29 PM EDT

By Adam Jourdan and Paul Carsten

SHANGHAI/BEIJING (Reuters) - Judging by the volume of online chatter, there's a lot less buzz in China ahead of this week's expected launch of the new Apple Inc (NASDAQ: AAPL) iPhone, and people on the street say they're more likely to "wait and see" what the latest device offers than rush out to buy.

Posts on China's popular Sina Weibo microblogging site show the iPhone 6, which took China by storm in 2014 with its new, larger screen, attracted around 15 times more comments in the month before launch... More

Apple (AAPL) volatility increases into iPhone event

September 6, 2016 1:00 PM EDT

VIX methodology for Apple (VXAPL) up 1.26 to $22.28, compared to its 20 week average of $21.17

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Apple (AAPL) calls twice as active as puts into iPhone event

September 6, 2016 12:47 PM EDT

Apple (NASDAQ: AAPL) September weekly 110 and 112 calls are active on total call volume of 141K contracts (61K puts) into hosting an iPhone event on September 7.September weekly call option implied volatility is at 28, September is at 22, October is at 21; compared to its 52-week range of 17 to 45.

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Volatility and Volume movement

September 6, 2016 9:37 AM EDT

iPath S&P 500 VIX Short-Term Futures (VXX) down 29c to 34.48

CBOE Volatility Index (VIX) up 47c to 12.45

Actives: AAPL BABA FB BAC NFLX MCD BIDU MSFT TSLA INTC TWTR MU C DIS AMZN

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EU finance ministers to discuss how to make tax policy more evenhanded

September 6, 2016 9:01 AM EDT

By Jan Strupczewski and Francesco Guarascio

BRUSSELS (Reuters) - European Union countries should better coordinate tax rules to avoid hitting corporations too hard, the Slovak presidency of the European Union proposed, in an effort to provide more balance to an EU campaign against tax avoidance by multinational companies.

The proposal, to be discussed at an informal meeting of EU finance ministers in Bratislava on Sept. 10, comes as the EU cracks down on corporate tax-avoidance schemes, which some fear could backfire and drive multinationals away from the continent.

The Slovak proposal aims mostly to reduce cases of double... More

Apple (AAPL): Why This Summer Was The Bottom - Drexel Hamilton

September 6, 2016 8:49 AM EDT

Drexel Hamilton analyst, Brian White, reiterated his Buy rating on shares of Apple (NASDAQ: AAPL) ahead of Apple's announcement tomorrow that will focus on the unveiling of the iPhone 7/7 Plus, combined with potential other announcements (e.g., Apple Watch 2, Beats).

The analyst... More

Cowen Sees Apple's (AAPL) iPhone 7 as 'Bridge' to Upcoming Super-Cycle; Affirms at 'Outperform'

September 6, 2016 6:23 AM EDT

Cowen and Company offered initial thoughts on Apple's (Nasdaq: AAPL) iPhone 7 ahead of its upcoming launch. The firm rates Apple at Outperform with a price target of $125.

Analyst Tim Arcuri noted the following on Tuesday:

Features: Similar to the last few years, we expect two new versions, 4.7 and 5.5. Both versions should come in 32/128/256GB storage capacity options (2x from iPhone 6S but opens the possibility that some 64GB iPhone 6S buyers revert back to 32GB) with 2GB DRAM for 4.7" and 3GB DRAM for the 5.5" version. We have long indicated... More

Apple (AAPL) volatility low into iPhone event

September 6, 2016 6:12 AM EDT

Apple (NASDAQ: AAPL) is recently up 29c to $108.02 in the premarket into hosting an iPhone event on September 7. September weekly call option implied volatility is at 19, September and October is at 20; compared to its 52-week range of 17 to 45.

... More

Samsung trips on quality control in rush to pip Apple

September 6, 2016 12:36 AM EDT

By Se Young Lee

SEOUL (Reuters) - In its rush to beat rival products to market, notably Apple's (NASDAQ: AAPL) new iPhone, Samsung Electronics has accelerated new phone launch cycles, but its haste is raising concerns that it fell short on quality testing.

Since last year, the South Korean firm, the world's largest maker of smartphones, has brought forward the launch of its Galaxy S and Galaxy Note series models by roughly a month.

For the June quarter, the strategy helped Samsung to its best... More