Gene Munster Says Apple (AAPL) Has Rebounded Fast
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Rating Summary:
45 Buy, 28 Hold, 9 Sell
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Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Piper Jaffray's Gene Munster says Apple (Nasdaq: AAPL) has rebounded and rebounded fast. Munster is mystified as to how Apple has been able to maintain its margins of 36.3% up from 34.3% in the year-ago quarter. Munster was also impressed with Apple selling 2.6 million Macs, which is up from his previous estimate.
Munster said he would continue to be a buyer of Apple stock in $150+ range. Oh, on one final note, Apple's quarterly iPhones sold were 5.2 million, representing 626% unit growth over the year-ago quarter.
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Munster said he would continue to be a buyer of Apple stock in $150+ range. Oh, on one final note, Apple's quarterly iPhones sold were 5.2 million, representing 626% unit growth over the year-ago quarter.
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