Apple (AAPL +1%) shares gain after Piper Jaffray says its survey points to a "significant...

Apple (AAPL +1%) shares gain after Piper Jaffray says its survey points to a "significant pent-up demand" for the next iPhone, particularly at Verizon (VZ). A delay in the launch of iPhone5 to October would cut Q3 profit, but iPhone market share "could more than double throughout the next round of phone purchases." Also, Canaccord raises its price target to $515 from $510.

From other sites
Comments (1)
  • cvax
    , contributor
    Comment (1) | Send Message
    I don't think that is the reason. Piper Jaffray survey is a show of unsound stats taking. It tries to say what the market is like from looking at a singleton locale of Minneapolis of 216 people in a mall, on the street, in a movie theater. That isn't even enough sample size to accurately model Minneapolis, let alone the whole US or world market for smartphones. That survey is 100% useless to convey any relevant information. Now from personal experience with Android phones I do concur with the sentiment, but the numbers being pushed by this survey are crap and should not be used to make any valuation or judgment on Apple's business.
    1 Aug 2011, 06:12 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs