Apple (AAPL) iPhone Estimates Raised at Credit Suisse

Cowen Says Apple (AAPL) iPhone Leads Times up Markedly Ahead of iPhone 7/7+ Launch

September 15, 2016 7:54 AM EDT

Cowen and Company offered commentary on Apple (Nasdaq: AAPL) following the company's iPhone 7/7+ update issued late Wednesday. The firm maintains an Outperform rating and $125 price target on Apple.

Analyst Tim Arcuri commented:

With iPhone deliveries starting Friday, we summarize the changes in lead times since pre-orders started a week ago on 9/9. Lead... More

Apple says initial quantities of iPhone 7 Plus sold out

September 15, 2016 12:57 AM EDT

By Julia Love

SAN FRANCISCO (Reuters) - Initial quantities of the iPhone 7 Plus have sold out globally as Apple Inc prepares to roll out its new gadget in stores, the company said Wednesday.

Supplies of the larger size of Apple's new phone have been exhausted in all shades, and the smaller iPhone 7 has also sold out in the new jet black color, the company said.

Customers who enter Apple Stores Friday, when the gadgets hit... More

AT&T (T) Says iPhone Pre-Orders are Up (AAPL)

September 14, 2016 2:22 PM EDT

Apple (NASDAQ: AAPL) picks up steam again as AT&T (NYSE: T) made positive comments about iPhone 7 pre-orders.

"On a year over year basis, volumes are up," he said.

... More

iPhone optimism blasts Apple stock to 2016 high

September 14, 2016 1:38 PM EDT

By Noel Randewich

SAN FRANCISCO (Reuters) - Apple's (NASDAQ: AAPL) stock hit a 2016 high on Wednesday, with its market value peaking above $600 billion for the first time since April as Wall Street bet the technology company's newest iPhone would help shore up falling sales.

Fueled by U.S. wireless carriers' reports of strong early orders for the iPhone 7 as well as arch-rival Samsung Electronics' widely-publicized recall of potentially exploding Galaxy Note 7 smartphones, shares of Apple rose as much as 4.7 percent to $113.03 for a gain of 10 percent in the past three days.

... More

Apple (AAPL) Continues Impressive Rally; Shares up 4% Today, 9% on the Week

September 14, 2016 12:00 PM EDT

Apple (NASDAQ: AAPL) continues to power higher. Shares are up 4.2% today and 9% on the week. Upside comes as Samsung pulled its Galaxy Note 7 amid safety issues; yesterday, two carriers reported stronger-than-expected iPhone 7/7+ pre-orders; initial iPhone 7/7+ reviews were positive, and today RBC listed 5 reasons the stock can continue to outperform.

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5 Reasons Apple (AAPL) Should Outperform - RBC

September 14, 2016 8:03 AM EDT

RBC Capital analyst, Amit Daryanani, reiterated his Outperform rating on shares of Apple (NASDAQ: AAPL) noting 5 reasons shares should trade up:

1) Samsung woes with the Galaxy Note 7 could enable AAPL to actually accelerate their share gains, a dynamic we think still would have occurred in... More

Apple (AAPL) iPhone 7/7+ Preorders Strong as Expected, But Multiple Expansion Opportunity Maybe Limited - Wells Fargo

September 13, 2016 11:36 AM EDT

Wells Fargo affirms Apple (Nasdaq: AAPL) at Market Perform with a valuation range of $105 - $120 following intial carrier data for iPhone 7/7+ pre-orders, with T-Mobile and Sprint both touting results.

Analyst Maynard Um commented today, T-Mobile announced iPhone 7 and 7 Plus pre-orders were up 4x vs the iPhone 6 (from Friday to Monday) and Sprint announced pre-orders up nearly 4x (up 375% in... More

Sprint, T-Mobile iPhone pre-orders boost Apple shares

September 13, 2016 11:03 AM EDT

(Reuters) - U.S. wireless carriers Sprint Corp (NYSE: S) and T-Mobile US Inc (NASDAQ: TMUS) said on Tuesday they received strong pre-orders for Apple Inc's (NASDAQ: AAPL) iPhone 7, sending shares of the world's most valuable listed... More

Stifel Sees Apple (AAPL) iPhone 7/7+ Pre-orders as Reflective of Strong Installed Base; Affirms at 'Buy'

September 13, 2016 10:33 AM EDT

Stifel affirms Apple (Nasdaq: AAPL) with a Buy rating and $120 price target following recent carrier numbers for iPhone 7 pre-orders.

Analyst Aaron Rakers noted the following on Tuesday:

While the iPhone 7 update is more revolutionary than evolutionary, we believe investors could consider these strong early pre-order indications as being reflective of the impact of Apples significant iPhone... More

Apple (AAPL) Gains as Carriers Report Strong Early iPhone 7/7+ Numbers

September 13, 2016 10:11 AM EDT

Apple (NASDAQ: AAPL) had investors nervous last week when they disclosed that they would be breaking from protocol and not provide weekend iPhone 7 pre-order numbers. However, today two carriers filled the void and the early data looks impressive.

First, T-Mobile (NASDAQ: TMUS), the third-largest U.S. carrier,... More