Apple Inc. (AAPL) stock received another push after Morgan Stanley (MS) analyst Katy Huberty reiterated her Buy rating and target price of $110.
In a bullish note, Ms. Huberty added the Cupertino-based giant to the “Best Ideas List of Investments.” She feels that the super product cycle that the company has entered promises higher margins, giving the stock room for significant upside.
Apple's mobile software has changed a lot since the first iPhone was unveiled in 2007. Most people remember the polarizing flat design of iOS 7, but it can be tough to remember all the little changes that happened throughout the entire evolution of Apple's iPhone software. From the first time Apple announced the App Store to the unveiling of Siri, here's how the iPhone's homescreen has changed through the years.
China Mobile Ltd. (CHL) has already started accepting pre-orders for both variants of Apple’s (AAPL) new iPhone 6, as the world eagerly anticipates the launch of the next iteration of the wildly-popular smartphone on September 9. China Mobile, being the biggest telecom operator in China, holds the key to Apple’s success in China.
It is tough to see the exact catalyst for the collapse in AAPL's share price in recent days (though it is clear that no China Mobile news is not good news) - but then aside from Carl Icahn's tweets it was hard to see what the exuberance in August was. Now a month later, AAPL has retraced all Icahn's gains and then some and is trading at 5 week lows. Today's weakness - in the face of a surging broad market - is being pinned on talk of Chinese telecoms firms cutting subsidies - not exactly strategically in line with AAPL's growth goals.
The year 2014 has been a great one for Apple Inc. (NASDAQ:AAPL) with sales of the iPhone 6 and the iPhone 6 Plus launching the company to the $700 billion market cap. Apple also had a promising start with Apple Pay, which has single-handedly jump-started the widespread adoption of the mobile wallet platform and quickly became the industry leader ahead of older players like Google Wallet. Apple now has to answer the big question of how its going to turn its $700-billion company into a trillion dollar one.
Apple Inc.'s (AAPL) launch of the iPhone 6 and iPhone 6 Plus took the company into a new product cycle. The tech giant sold over 10 million iPhone 6/6 Plus units on its debut weekend last month, beating initial expectations, and posting an 11% growth over iPhone 5s and iPhone 5c sales last year. But the initial launch did not include China, the second-largest market for Apple after the US.
China Telecom Corporation Limited (ADR) (CHA), one of China’s largest state-owned carriers, increased 1.9%, as the carrier’s rating was upgraded from Neutral to Overweight by JPMorgan Chase &Co. (JPM).
By H.J. Huney:For the past month, I've been dipping into the SEC filings of the American telecom giants: AT&T (T), Verizon (VZ), and Sprint (S). On the face of it, all these companies look cheap right now. Sprint is selling at around a 35% discount to book value. AT&T has a dividend yield of 5.7% and a forward P/E multiple of 12.