Apple (AAPL) PT Raised to $135 at Nomura Securities

Cowen Firm on Apple (AAPL) Following Jabil (JBL) Quarterly Results; Boosts Q117 iPhone Estimates

Cowen and Company affirms Apple (Nasdaq: AAPL) with an Outperform rating and $125 price target today, and offers a read-through on the stock following quarterly results from Jabil.

Analyst Tim Arcuri noted that Jabil guided FQ1 (Nov) revs in-line w/ Street (with DMS revs +33% Q/Q and -12% Y/Y). JBLs AugQ and NovQ implied AAPL results (see Figure 1; up ~40% Q/Q in AugQ and up ~30% Q/Q in NovQ) make sense to us and are broadly supportive of our iPhone unit expectations for CQ3 and CQ4 (+13% Q/Q and +60% Q/Q,... More

Apple (AAPL) iPhone 8 Super Cycle May be a Dud - Wells Fargo

Wells Fargo analyst Maynard Um said bullishness on Apple's (NASDAQ: AAPL) next iPhone cycle should be tempered as their units per carrier analysis suggests headwinds in 2017.

Um said while the general feedback is that the iPhone 8 cycle will be strong based on the premise that even a modest... More

Apple (AAPL) Considers Opening Retail Store in Samsung Stronghold of South Korea - WSJ

Apple (NASDAQ: AAPL) is considering opening its first retail store in South Korea, the home of its chief rival Samsung, the Wall Street Journal reported Thursday.

The iPhone maker looked at several sites is Seoul across the street from Samsung's... More

Apple (AAPL) PT Raised to $125 at RBC Capital as Survey Points to ASP Upside

RBC Capital analyst Amit Daryanani bumped his price target on Outperform-rated Apple (NASDAQ: AAPL) to $125.00 (from $120.00) results of >6,000 individual iPhone 7 survey which showed improved mix and prices increases for the Plus model that should drive ASP upside.

Key points from the survey included:

1) Mix shift toward the 5.5 model could drive substantial ASP upside: 46% of... More