Gene Munster Sees iPhone 5 Shipping in September (AAPL)
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Price: $348.22 +1.23%
Rating Summary:
45 Buy, 29 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 11 | New: 48
Rating Summary:
45 Buy, 29 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 11 | New: 48
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Piper Jaffray's Gene Munster, commenting in a research note Friday morning, believes Apple's (Nasdaq: AAPL) next iPhone will ship sometime during September.
The analyst noted several iPhone equipment supplier's which indicated orders for new equipment a few months later than normal. Munster expects Apple's WWDC in June to be focused on software, a split from the traditional June hardware event.
Munster maintains an Overweight rating and $554 price target on shares of Apple.
The stock is down about 0.7 percent to $338.20 Friday.
The analyst noted several iPhone equipment supplier's which indicated orders for new equipment a few months later than normal. Munster expects Apple's WWDC in June to be focused on software, a split from the traditional June hardware event.
Munster maintains an Overweight rating and $554 price target on shares of Apple.
The stock is down about 0.7 percent to $338.20 Friday.
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