UPDATE: Credit Suisse Downgrades Apple (AAPL) to Neutral
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Wall Street Jeers Apple's (AAPL) iPhone 5C Pricing
September 11, 2013 8:53 AM EDTShares of Apple, Inc. (NASDAQ: AAPL) are getting lambasted one day after the iPhone 5S and 5C unveiling, as Wall Street analysts show clear disappointment with the iPhone 5C pricing and a China Mobile announcement remains elusive.
With its iPhone event Tuesday, Apple said a subsidized iPhone 5C will run $99, while an unsubsidized 5C will cost $549. The pricing suggests that Apple is protecting margins at the expense of market share.... More
Apple (AAPL) iPhone 5C Doesn't Mean 'Cheap' - Deutsche Bank
September 11, 2013 8:33 AM EDTDeutsche Bank analyst Chris Whitmore reiterated his Buy rating and $480 target on Apple (NASDAQ: AAPL) following the unveiling of the iPhone 5S and 5C. While the event was mostly in-line with expectation the pricing of the iPhone 5C was "disappointing," he said.
... More
Apple (AAPL) iPhone 5C Pricing is 'Key Disappointment' - Goldman Sachs
September 11, 2013 8:26 AM EDTGoldman Sachs analyst Bill Shope reiterated a Buy rating and $530 price target on Apple (Nasdaq: AAPL) following solid product enchantments, but disappointing 5C pricing.
Shope was positive on the fact that China would be among the first group of... More
Apple (AAPL) iPhone Event 'Historic' - Cantor Fitzgerald
September 11, 2013 8:15 AM EDTCantor Fitzgerald analyst Brian White reiterated his Buy rating and $777 price target on Apple (NASDAQ: AAPL) following the iPhone event, which he called "historic."
"In our view, this was a historic event for Apple as the company began segmenting the... More
UPDATE: Apple (AAPL) PT Lifted to $550 at Canaccord Genuity
September 11, 2013 8:07 AM EDT(Updated - September 11, 2013 10:13 AM EDT)
Canaccord Genuity reiterated a Buy rating and boosted its price target on Apple (NASDAQ: AAPL) from $530 to $550 following unveiling of iPhone 5S and iPhone 5C.
Analyst Michael Walkley said, "We believe the new iPhone 5S has very competitive... More
Choppy Trading Ahead for Apple (AAPL) - Jefferies
September 11, 2013 7:51 AM EDTJefferies analyst Peter Misek weighed in on Apple (NASDAQ: AAPL) following the iPhone refresh, maintaining a Hold rating and $450 price target.
"The iPhone 5C's $99 on-contract price is higher than expected and still leaves Apple with a product gap in the low-end," Misek comments.... More
Apple (AAPL) PT Lifted to $480 at Nomura; Didn't Chase Lower End
September 11, 2013 7:43 AM EDTNomura Securities Stuart Jeffrey reiterated a Neutral rating on Apple (NASDAQ: AAPL) after yesterday's iPhone refresh but boosted his price target from $420 to $480.
"Apple retained its pricing structure with its new iPhone portfolio," Jeffrey notes. "In not chasing a new lower... More
UBS Downgrades Apple (AAPL) to Neutral
September 11, 2013 7:39 AM EDTUBS downgraded Apple (NASDAQ: AAPL) from Buy to Neutral.
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 $494.64 yesterday, with a 52 week range of $385.10-$705.07.... More
Apple (AAPL) Stock Should Continue to Run; PT Raised - FBR
September 11, 2013 7:20 AM EDTFBR Capital analyst Scott Thompson reiterated his Outperform rating and raised his price target on Apple (NASDAQ: AAPL) from $500 to $525 following the iPhone refresh.
"We believe these product announcements to be essentially in line with pre-launch expectations," Thompson said. "Following the tone of recent product... More
Apple (AAPL) iPhones Refresh Not a Major Catalyst - Susquehanna
September 11, 2013 6:55 AM EDTSusquehanna analyst Chris Caso reiterated a Neutral rating and $440 price target on Apple (NASDAQ: AAPL) Wednesday saying this year's iPhone product cycle isn't a significant catalyst. He also comments the "C" in 5C doesn't stand for cheap.
"As usual, there were few surprises from AAPL's well-previewed iPhone launch yesterday," Caso comments. "We think the biggest surprise from an investment perspective is that the new iPhone 5C will be positioned as a midrange phone, and wont provide much near-term help in... More
BofA/Merrill Lynch Downgrades Apple (AAPL) to Neutral
September 11, 2013 6:21 AM EDTBofA/Merrill Lynch downgraded Apple (Nasdaq: AAPL) from Buy to Neutral.
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 $494.64 yesterday, with a 52 week range of $385.10-$705.07.... More
Appel (AAPL) iPhone 5C, iPhone 5S available around the world on Sept 20
September 10, 2013 2:07 PM EDTAppel (NASDAQ: AAPL) iPhone 5C, iPhone 5S available around the world on Sept 20.... More
Apple (AAPL) iPhone 5S prices: 16GB $199, 32 GB $299, 64GB $399
September 10, 2013 2:06 PM EDTApple, Inc. (NASDAQ: AAPL) iPhone 5S prices: 16GB $199, 32 GB $299, 64GB $399 (with two year carrier contract).... More
Visa (V), MasterCard (MA), eBay (EBAY) on Watch on Apple News
September 10, 2013 2:04 PM EDTVisa (NYSE: V), MasterCard (NYSE: MA), eBay (NASDAQ: EBAY) on watch on Apple's (NASDAQ: AAPL) 'Touch ID' fingerprint sensor technology. Others include:Discover Financial (NYSE: DFS) and American Express (NYSE: AXP).... More
Apple, Inc. (AAPL) iPhone 5S includes 'Touch ID' fingerprint sensor technology
September 10, 2013 1:58 PM EDTApple, Inc. (NASDAQ: AAPL) iPhone 5S includes 'Touch ID' fingerprint sensor technology.... More
Apple (AAPL) Delivers on Two New iPhone Models
September 10, 2013 1:50 PM EDTApple's (NASDAQ: AAPL) iPhone event lived up to expectations, however modest.
The company introduced two new iPhone models - the iPhone 5C and the iPhone 5S. The company also announced that its new operating system - iOS 7 - will be available as a free download... More
ARM Holdings (ARMH) Stock Surges as iPhone 5S Twice as Fast
September 10, 2013 1:40 PM EDTARM Holdings plc (Nasdaq: ARMH) stock jumped after Apple (Nasdaq: AAPL) said the iPhone 5S was twice as fast as the iPhone 5. The phone will include an ARM A7 64-bit chip.... More
Apple (AAPL) iPhone 5C offers 5 colors
September 10, 2013 1:26 PM EDTApple, Inc. (NASDAQ: AAPL) iPhone 5C offers 5 colors. Looks to be lime green, white, blue, pink and yellow.... More
