Wall Street Jeers Apple's (AAPL) iPhone 5C Pricing
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/15/2026
- S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings
- IBM plunges 19% as memory capex squeeze derails Q2 earnings
- Fed’s Warsh says central bank won’t tolerate high inflation
- Software stocks tumble: High memory prices cannibalize enterprise tech capex
- AstraZeneca stock dips as HSBC downgrades stock on 'tough path ahead'
- IBM misses Q2 targets as mainframe and software sales disappoint
- Verizon planning new round of layoffs this week - Barron’s
- S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings
- Lucid Group shares quickly cut in half on report of potential bankruptcy
- HSBC Downgrades IBM (IBM) to Reduce, 'Stretched Valuation'
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
Lazard Boosts PT on Apple (AAPL) to $570; iPhone 5C Still Boasts Juicy NAND Margins
September 11, 2013 7:21 AM EDTLazard Captal is boosting its price target on Apple (Nasdaq: AAPL) from $500 up to $570, while maintaining a Buy following introduction of the iPhone 5S and 5C on Tuesday.
Analyst Edward Parker commented, The 5C is essentially the 5 with a plastic casing and is priced at the attractive $99/$199 price... 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) Just Steps Away From Inking Key Deal with China Mobile (CHL)
September 11, 2013 7:02 AM EDTThough no formal announcement has bee made yet, Apple (Nasdaq: AAPL) has reportedly received a key license to make its iPhone line available to run on China Mobile's (NYSE: CHL) network.
The WSJ today noted that China's Telecom Equipment Certification Center on Wednesday said that Apple received a network access license for a handset to run on China... 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
UPDATE: Credit Suisse Downgrades Apple (AAPL) to Neutral
September 11, 2013 6:41 AM EDT(Updated - September 11, 2013 7:02 AM EDT)
Credit Suisse downgraded Apple (NASDAQ: AAPL) from Outperform to Neutral with a price target of $525. Analysts expressed concern about the lack of innovation and view both the iPhone 5S and iPhone 5C as premium devices. This... 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
