Monday, March 11, 2013

AAPL: Credit Agricole's Avi Silver "downgrades"...

9:22 AM Credit Agricole's Avi Silver "downgrades" Apple (AAPL) to Outperform from Buy, while lowering his PT to $505 from $575. Silver expects iPhone sales to be weak in the June quarter thanks to growing competition ahead of a 5S launch (presumably the Galaxy S IV takes center stage here). He also doesn't expect an iPhone with a larger screen, which (like others) he considers "much needed," to arrive this year. Shares -0.8%. (Berenberg) Read comments

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AAPL price at time of publication: $431.72. Check AAPL price now »

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AAPL: Apple: The Value Play

Apple: The Value Play
by Abba's Aces

Since I last wrote about Apple (AAPL) the Investor Meeting came and went without any investor news whatsoever while the stock has dropped 3.8%. None of my "Early Christmas Gift" requests came to fruition and that is actually fine with me because Apple rarely mentions anything at these types of meetings. But having done and said nothing at the meeting doesn't mean that AAPL is sitting on it laurels either. I agree with Chicago John and what he said about how the company should not be revealing what they are working on during the meeting, but only if that product was not ready. I was merely looking at either a product release or some rhetoric to the extent of, "We have several products in the pipeline that are near release". Enough about the investor meeting; in this article I'm going to evaluate the stock and try to find out where it's going. read more »

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