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Apple (AAPL) Price Target Raised to $720 at Goldman; Next Big Thing Isn't Hardware, Says Analyst

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Apple (AAPL) PT Raised at Canaccord Genuity; Sees 'Very Strong' iPhone 6 Upgrade Cycle

June 3, 2014 8:12 AM EDT

Canaccord Genuity analyst T. Michael Walkley boosted his price target on Buy-rated Apple (NASDAQ: AAPL) to $710.00 (from $660.00) following WWDC and its survey which suggests the company is positioned for a 'very strong' iPhone 6 upgrade cycle.

Walkley commented, "We attended Apples WWDC event in San Francisco where Apple introduced iOS 8 and Mac OSX... More

Apple's (AAPL) Keynote Expected to Give Investors Only A Taste of Its Innovative Product Pipeline, Says Cantor

June 2, 2014 10:51 AM EDT

Apple's (NASDAQ: AAPL) WWDC today is the beginning of an innovation cycle, said analyst Brian J. White of Cantor Fitzgerald. He expects today's keynote to focus on software, but it will likely hint at bigger things later this year.

"We expect today's keynote to focus on software and whet Wall Street's appetite for bigger things to come this fall, including the iPhone 6 (4.7-inch, 5.5-inch), the "iWatch" and other potential surprises," said White.... More

Apple (AAPL) Paid $500M for Beats Music

May 30, 2014 8:00 AM EDT

Nothing 'beats' a good deal. Just ask Apple (Nasdaq: AAPL).

The WSJ said Apple is shelling out $500 million for Beats Music and $2.5 billion for Beats Electronics. Beats Electronics had sales near $1.3 billion in 2013 and was profitable.

However, Beats... More

Apple (AAPL): Wells Fargo Notes Growing Carrier Count, But Upside Could Be Limited

May 30, 2014 7:10 AM EDT

Wells Fargo maintained a Market Perform rating on Apple (NASDAQ: AAPL) and increased its price target to $$595-$640 (from $515-$585). Analyst Maynard Um noted growing carrier count, but overall he thinks upside is limited.

"Based on our most recent checks, Apple has been steadily increasing the number of carriers that are selling iPhones and has added seven new carriers. It now totals 323 carriers, up from 316 (4/14) and 280 (10/13)--after a fairly stable 2011/2012, Apple started adding more... More

Nomura Sees Possible Apple (AAPL) Beta Launch of iWatch at WWDC

May 30, 2014 7:00 AM EDT

Nomura Securities analyst Stuart Jeffrey commented on what to expect from Apple (NASDAQ: AAPL) at WWDC and raised his price target to $621.00 (from $574.00). The analyst maintained a Neutral rating.

Jeffrey expects Apple to focus on three key themes at WWDC:

Wearables with a possible beta launch of an iWatch Convergence of iOS and Mac OS X primarily focused on OS X New services such as music streaming and home automation

On wearables, Jeffrey said, "We believe that Apple may... More

Amazon.com, Inc. (AMZN) Plans Prime Streaming Music Service - Report

May 29, 2014 4:45 PM EDT

Amazon.com, Inc. (NASDAQ: AMZN) is planning to have a streaming music service as part of its Prime membership.

... More