Apple (AAPL) Dropped Plans for TV - Report
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Fears About Slowing Apple (AAPL) Growth 'Premature', Oppenheimer Says
May 21, 2015 8:45 AM EDTOppenheimer analyst Andrew Uerkwitz reiterated an Outperform rating and $155 price target on Apple (NASDAQ: AAPL) Thursday, saying fear of slower growth is "premature."
Uerkwitz commented, "Over the next nine months, we expect investors to doubt if Apple can deliver the same growth with quarters of tough comps ahead. In fact, we believe some will argue that Apple will record its first year-over-year decline of iPhone sales in FY15. This could put pressure on the stock as investors... More
Piper Jaffray's Gene Munster Capitulates on Apple TV (AAPL)
May 19, 2015 8:20 AM EDTAmid reports overnight from the WSJ that Apple (NASDAQ: AAPL) has scrapped plans for a full-fledged TV, Piper Jaffray analyst Gene Munster, who has long held-out that the company would release such a device, is capitulating and now no longer expects a television to launch indefinitely.
"While it is a small consolation that the article affirms that Apple was actually working on a television during that period,... More
Carl Icahn Issues Open Letter to Apple (AAPL) CEO Tim Cook; Sees Shares Valued at $240
May 18, 2015 11:01 AM EDTAs promised, Carl Icahn issued a new letter to Apple (NASDAQ: AAPL). Mr. Icahn raised his price objective on the stock to $240 per share, from $216 previously. He is also calling on Apple to implement an even larger share buyback.
"With Apples shares trading for just $128.77 per share versus our valuation of $240 per share, now is the time for a much larger buyback," the letter... More
