Mizuho's checks point to July iPhone launch. MS notes institutional selling.

Asian checks suggest an iPhone 6 (AAPL -0.7%) could launch in July, says Mizuho's Abhey Lamba (Outperform, $575 PT). Lamba adds supply chain vendors are gearing up for a new iPhone launch earlier than they did in prior years.

Multiple reports have stated Apple plans to launch two larger iPhones this year. The WSJ reported last month the smaller model is "further along in development, and is being prepared for mass production."

Lamba also backs up reports that the larger iPhones will have 4.7" and 5.5" displays, respectively, and that an iWatch and Apple TV set-top are being prepped.

Meanwhile, Morgan Stanley's Katy Huberty (Overweight) observes Apple's top-30 shareholders own "a record low" 30% of shares, even as top-30 ownership for other tech names (Google, Amazon, Microsoft, H-P) is at or near record levels. Apple's 5-year average is 36%; a peak of 40% was reached in 2009.

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Comments (35)
  • bzw
    , contributor
    Comments (13) | Send Message
    About time!!


    Cook does not project confidence nor innovation.


    Time for new products, and new leadership!!!
    26 Feb 2014, 02:29 PM Reply Like
  • szeducate
    , contributor
    Comments (201) | Send Message
    The definition of insanity is doing the same thing over and over again and expecting different results. Cook's silence and lack of innovation and excitement is dragging down the share price of a truly unique company. Its time to abandon the silence and drop LARGE HINTS about the new and exciting innovation that is coming down the pike. Unless you get off your horse and do something, the evidence is clear. The share price keeps dropping and more and more large large MM will continue to avoid this stock.
    26 Feb 2014, 02:34 PM Reply Like
  • Kay Ching
    , contributor
    Comments (295) | Send Message
    Beg to (politely) disagree. Tim Cook is doing nothing new *in terms of keeping things secret*. Apple has always been secretive. Steve Jobs seldom dropped hints about new products. Everyone tries to "leak" info or pictures of new products... and this has not easily been done in the past. That's Apple. Tim Cook has been great at following this tradition. The stock will pick up.
    26 Feb 2014, 09:05 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (1377) | Send Message
    Tim Cook is NOT Steve Jobs. In case you might have missed that.


    If you believe Tim Cook inspires confidence, I have to question what you've been watching the last two years?


    Just a final thought... For the last 18 months, Tim Cook has been "hinting" at the "new products" Apple is close to releasing. Well, it's now been a well over a year since he has made these comments and what have we gotten? Nothing. Either Cook should shut up and continue the tradition that Jobs put forth with keeping things secret or he should start showing up the products he keeps referring too. You can't have things both ways because right now Cook is absolutely killing his shareholders.


    I've owned Apple since 2005 and have made a significant profit. However, as a shareholder, I've begun to wonder just want the heck is going on over there? Yes, Apple is a cheap stock. Yes, Apple makes great products. But let's face it. This stock has done NOTHING for the last 18 months. It shouldn't take someone like Carl Icahn to force this company to do SOMETHING with the hord of cash they have lying around. The leadership should KNOW what to do, right? So while I don't intend to sell any of my 455 shares, I have to admit that since the January earnings report, the thought has crossed my mind. And frankly, even having that thought probably says a lot about how I feel about this company and it's leadership.
    27 Feb 2014, 12:25 AM Reply Like
  • DanoX
    , contributor
    Comments (3491) | Send Message
    Fall 2014 new devices, where have you been for 5 years?
    26 Feb 2014, 02:36 PM Reply Like
  • sbkamm
    , contributor
    Comments (53) | Send Message
    I think it's terrible to call Katy Huberty 'overweight'.
    26 Feb 2014, 02:37 PM Reply Like
  • salvatort
    , contributor
    Comments (414) | Send Message
    Best comment ever!
    26 Feb 2014, 02:45 PM Reply Like
  • Mike Andrewes
    , contributor
    Comments (75) | Send Message
    For those with a long term view, share price dropping isn't necessarily a bad thing. Share price lower allows Apple to buy back more shares for the amount of cash they are willing to allocate for buy backs. It's rather smart that the CEO doesn't inflate the stock price during times of record breaking buyback.
    26 Feb 2014, 03:10 PM Reply Like
  • chopchop0
    , contributor
    Comments (5199) | Send Message
    sounds like IBM. lots of parallels there.
    26 Feb 2014, 03:19 PM Reply Like
  • samkon
    , contributor
    Comments (287) | Send Message
    Exactly, and why leak details that can be used by competition... It makes no sense. Apple's culture has always been secretive.. It will not change.
    26 Feb 2014, 03:25 PM Reply Like
  • ispank
    , contributor
    Comments (1128) | Send Message
    Google is very publicizing versa Apple's secretive. Wall Street likes Google for being publicized. Therefore, Apple should do the same.
    26 Feb 2014, 05:05 PM Reply Like
  • Todd Renfro
    , contributor
    Comments (1008) | Send Message
    What "Wall Street" likes, i.e. what is good for share prices in the short term, is often not what is best for long term performance.


    26 Feb 2014, 06:21 PM Reply Like
  • jamestyack
    , contributor
    Comment (1) | Send Message
    Very bright comment. As Vito Corleone would say, "Never let them know what you are thinking".
    26 Feb 2014, 08:27 PM Reply Like
  • a alto
    , contributor
    Comments (356) | Send Message
    Insanity is selling this stock .
    26 Feb 2014, 03:49 PM Reply Like
  • dbt01
    , contributor
    Comments (592) | Send Message
    Apple introduces new phones every September. To suggest otherwise is just setting the stock up for failure.


    Larger screens are not innovation. Saphire screens are.
    26 Feb 2014, 04:12 PM Reply Like
  • jjkiam
    , contributor
    Comments (403) | Send Message
    Well 2014 is certainly going to be a year in which Apple either reruns to profit growth or not. Clearly the market believes the latter. As a very frustrated Apple shareholder, I am very tired of watching the year begin again with major decreases in the value of my shares and no end in sight for the decrease that can be easily foreseen. I see no catalysts for the stock for the next few months. The CHL deal is not delivering significant unit sales yet and may never do so. The other major Apple markets are clearly saturated and we should expect further Iphone unit declinesTC bet the farm on the most recent buyback. Unless Apple takes the tax hit and returns a substantial amount of the overseas cash reserves, they simply don't have enough money to mount another significant repurchase any time soon. This means IMO that the stock descends into the mid to low 400's as selling pressure mounts.
    Very sad that we are right back to where we were a year ago!
    The even more sad truth is that Apple is only releasing iterative updates to existing products and all the BS from TC about all the exciting "new" products for the last year and a half are nowhere to be seen! What a shame that all the prognosticators predicting the demise of innovation at this company are looking correct. TC a good supply chain mgr and possibly a reasonable caretaker but clearly not a leader with any vision or the ability to create excitement like his predecessor!
    26 Feb 2014, 05:18 PM Reply Like
  • faramarz
    , contributor
    Comments (384) | Send Message
    I am so astonished that shareholders are so impatient. I think that we have to give 2 years to Apple for bringing new products to market. Last new product launch was in 2010 (ipad). 4 to 5 years for a completely new product is not too long. Remember that ipad was allready an advanced project when SJ decided to go ahead with iphone before finishing ipad. Patience & enjoy the dividend which will probably increase by 10 to 15% in may.
    26 Feb 2014, 05:31 PM Reply Like
  • jjkiam
    , contributor
    Comments (403) | Send Message
    Sorry but it was very clear that larger format smartphones had significant traction for going on 2 years now, ESP in Asia. So either Apple refused to acknowledge this trend which is unbelievable or that they somehow were unable to make a larger phone! While virtually all their competitors did!
    Next we read in 2011 in the biography that Jobs had "cracked" the interface to revolutionise TV and now 3 years later we still have a big nothing!
    Next we have heard TC talk about all the exciting "new" products Apple had in development and the pipeline since 2012. And... All we have seen is iterative releases of existing product lines.
    Sorry but I am now a very frustrated former bull that has had to conclude that TC is full of BS. And that this company is too big to be able to move nimbly in an accelerating competitive technological landscape. Plus I have now seen this movie before( remember last year) and know that there are no catalysts to keep the stock from declining into the mid to low 400's in the next few months. TC's last buyback can not be repeated because they simply don't have the cash available, unless they pull in substantial overseas money and pay the tax bill. And what sign will that send to a market that clearly believes Apple is incapable of returning to growing it's actual profits. What do you think will happen if they come in at the low of this qtr's guidance and actually report a decrease in yoy revenue? Or even worse if the next qtr's guidance reflects the same lack of growth ?
    26 Feb 2014, 06:33 PM Reply Like
  • cshoxie
    , contributor
    Comments (364) | Send Message
    July will turn into "the back to school season", followed by the "Christmas/Holiday season" followed by the Chinese New Year. Happy 2015. Finally the new phone shows up but they didn't make enough of them and/or nobody cares. Wash, rinse, repeat.
    26 Feb 2014, 07:06 PM Reply Like
  • raincity
    , contributor
    Comments (236) | Send Message
    So many complainers on here. Apple has always been secretive and ONLY releases products when they are ready. They focus on a few things and do those incredibly well. If you are long AAPL you have to be patient. The company is build for the long haul. They will not change their ways to prop up the share price short term.


    Be thankful for that, as retail investors are usually the ones left holding the bag when short focused, Wall Street appeasing companies crash and burn.


    Also, no way an iPhone launches in July. It will be fall.
    26 Feb 2014, 08:57 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (1377) | Send Message
    When you own shares in a company, you have earned the right to complain. PERIOD.
    27 Feb 2014, 12:44 AM Reply Like
  • lquartin
    , contributor
    Comments (7) | Send Message
    To All There is a reason Apple has a 97% retention rate. Be patient. They are the Mercedes of there products. " Cream always comes to th top" so often the turtle wins the race. the Apple store experience is like no other retailer in the world.ever notice they are the busiest store ALWAYS ? CHILDREN ARE BEING RAISED ON THE IPAD ETC.. LIFE LONG CUSTOMERS
    26 Feb 2014, 09:05 PM Reply Like
  • lquartin
    , contributor
    Comments (7) | Send Message
    To All There is a reason Apple has a 97% retention rate. Be patient. They are the Mercedes of there products. " Cream always comes to th top"
    26 Feb 2014, 09:05 PM Reply Like
  • dnw101852
    , contributor
    Comments (6) | Send Message
    I keep hanging on hoping the new product(s) will save me. I purchased way too much Apple in the mid 600's and will not be able to retire as planned unless something good happens.
    26 Feb 2014, 09:06 PM Reply Like
  • claudemonet
    , contributor
    Comments (6) | Send Message
    Product development takes time and money. Expecting a company to pull a rabbit out of its hat on a constant basis is not only unreal, but it could ruin a perfectly good company. It creates dissatisfaction where none is due and finally sends a stock downward needlessly.
    Losing the company founder and all-around genius is a body blow. Why not give Apple the time and stability to find its new self. If that is not a comfortable position for a stockholder, then sell, and good luck in finding a new dance partner.


    I'm an Apple shareholder too
    26 Feb 2014, 09:07 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (1377) | Send Message
    Then Tim Cook should stop telling everyone to expect that rabbit any minute, shouldn't he? The expectations are being driven by Apple's CEO and nobody else. He should deliver something or keep his mouth shut.
    27 Feb 2014, 12:47 AM Reply Like
  • raincity
    , contributor
    Comments (236) | Send Message
    Apple will deliver when they are ready. Sell if you can't handle the wait.
    27 Feb 2014, 11:10 PM Reply Like
  • pincus6
    , contributor
    Comments (6) | Send Message
    I hate these rumors. When they don't pan out, the analysts smack Apple down further.
    I had hoped the days of Steve Jobs secrecy was over. Maybe if the company defended its share price with a New product update instead of dead silence
    we would all be better off. Instead Cook says New Products in New Categories
    and the rumors fly and the stock gets hammered when there is nothing new. I thought Cook was not a clone of Steve Jobs. People said Cook could not replace him and I thought to myself that could be good if he does not continue to employ the secrecy tactics. Instead it is a double bogey. He is not an innovator and he continues the Apple ways. There is an old child rearing saying that can apply to many things in life.
    " If you continue to do what you do, you continue to get what you get."
    26 Feb 2014, 09:10 PM Reply Like
  • bahram2
    , contributor
    Comments (60) | Send Message
    While you people are nagging, Apple is buying back its shares hand over fist. They had another $21B (35-14) left in domestic cash plus whatever they are generating this quarter. They can go again to the market and borrow at historic low interest too. Tim Cook also in his recent conference call said Apple will introduce "New products across 2014". What worries me is the meaning of the word "Across" as nothing has materialized yet. Do you guys read this the same as me or it has a different meaning?
    26 Feb 2014, 09:45 PM Reply Like
  • marktuthdr2
    , contributor
    Comments (150) | Send Message
    I haven't heard so many passionate, bipolar opinions, since I started reading the BBRY posts a year or so ago. I think Apple's stock will do well over the next year or so, and if it does not, then I think it will break around even. It has some huge potential upside, and little risk at this price point. I say be patient. And remember the DIV, that does not cure all, but it sure comforts a lot of ailments.
    26 Feb 2014, 11:21 PM Reply Like
  • Efrain Rojas
    , contributor
    Comments (205) | Send Message
    The worst thing Apple can do is become a stock ticker obsessed company. I trust they will have innovative new products. Especially, I am eager to see iWatch break ground in biometrics. Apple can shoehorn it's way into the healthcare market. Their entry into this market is imminent.
    27 Feb 2014, 02:32 AM Reply Like
  • 2ng
    , contributor
    Comments (219) | Send Message
    Apple: nice products to own, awful stock to own short term. I trust TC for now, I'll give him 2014 to probe himself.
    27 Feb 2014, 02:52 AM Reply Like
  • Benjamin Frost
    , contributor
    Comments (1136) | Send Message
    I think Tim Cook might get rather bored spending all of 2014 probing himself. Kind of you to offer him the opportunity though; I'm sure he'll appreciate the sentiment.
    27 Feb 2014, 09:27 PM Reply Like
  • WaveRider007
    , contributor
    Comments (650) | Send Message
    Imagine if you created the wheel. Now imagine making wheels of different sizes and materials. Does that mean you are still as innovative/valuable as when you first created the concept of the wheel? Apple is having this problem, and they haven't really made a revolutionary product, only evolutionary. This is usually a sign of problems for a company. Also Jobs was key, his mentality, experience, and vision can't be replaced. Imagine Tesla without Musk, it wouldn't be worth as much either. You can't be the best ship without a good captain that was raised on the sea, not on land, like Cook. Sorry Apple, I want to believe but for the last 5 years the product lineup (except Mac Pro) has been quite stale.
    27 Feb 2014, 08:39 AM Reply Like
  • meta tree
    , contributor
    Comments (9) | Send Message
    Apple really shouldn't pay much attention to analysts, and they shouldn't care much about their ticker price except as a strategic way to do buy backs. Let's see: Apple is still making money hand over fist, it has set up a growing dividend, it is doing strategic buy backs, and otherwise it is spending its time working on new innovations. Basically exactly what it should be doing. After that, Apple really shouldn't care what Wall Street thinks of it. What is quite strange to me is that people criticize Apple and Tim Cook because they don't do things like leak product development timelines for the benefit of the stock price. Are you kidding me? Apple is an innovative consumer products company and how well they execute on that should be all that matters. They shouldn't play word games just so the short term traders can get a temporary boost. I'm holding my Apple stock because I think they still have lots of room for innovation, particularly in wearable tech. Apple has shown over and over again that it can produce high quality products that people love. That's its value, and I'm betting it can do it again.
    27 Feb 2014, 11:01 AM Reply Like
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