Apple closes lower in spite of praise; Benioff sees Ahrendts as next CEO

|About: Apple Inc. (AAPL)|By:, SA News Editor

Though sell-side commentary on Apple's (AAPL -2.3%) FQ4 numbers was largely positive, investors decided to take profits following a 26% rally from where shares traded going into July's market-pleasing FQ3 report.

Canaccord's Mike Walkley joined the list of analysts praising Apple's numbers; he sees Apple "well-positioned" to exceed Street estimates, even though he expects "more aggressive" 5C pricing in 2014 to boost international sales. Meanwhile, Needham's Charlie Wolf gave a thumbs-up to Apple's decision to maintain premium pricing, rather than move downmarket to better compete against cheaper Android hardware.

While the sell-side dissected Apple's numbers, Salesforce CEO Marc Benioff is predicting new retail chief/ex-Burberry CEO Angela Ahrendts will be Apple's next CEO. Benioff declares Ahrendts "the most important hire Tim Cook has ever made."

Also: The Korea Herald reports LG Display (LPL) and Taiwan's RiTDisplay ar expected to supply flexible OLED panels for an iWatch. A month ago, a Korean site reported the iWatch will feature a flexible OLED, and that Apple is working on prototypes sporting 1.3", 1.4", and 1.5" displays.

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