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More on Apple: In addition to Piper, Morgan Stanley and Topeka are also defending the company...
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Tuesday, July 17, 2012, 11:48 AM ETMore on Apple: In addition to Piper, Morgan Stanley and Topeka are also defending the company ahead of its July 24 FQ3 report. The former calls Apple a top 2H pick in spite of expected iPhone sales weakness ahead of a refresh, and thinks iPhone margins will continue rising thanks to lower component costs. The latter, which maintains a $1,111 PT, estimates FQ3 iPhone sales were a relatively healthy 30.9M. (previous: I, II)
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This news story has 11 comments:
As soon as the deal with China Mobile confirmed,expect $1200 share price in 2013.
As for the iPhone....I use an Android simply because I like it, and it is flawlessly integrated with my company's servers. I also bought an iPad because I test-drove several of the other tablets, and not one could hold a candle to the iPad.
Apple is, of course, a risky investment. Most tech stocks fall within this broad category. Frankly, in this market, many stocks are risky when compared to historical norms.
Interesting, only 8 months after the release in US, they anticipate a new release. What this tells me is that gradually fewer people will upgrade and the smartphone market is kind of saturated.
You need much more than a new interesting phone to win over agreat company wich means an entire global network (meaning content plus software plus hardware plus garantee,marketing.etc.) like Apple,
wait and see future figures of sales and market dominance.