Susquehanna Raises AAPL Target to $135 on Strong iPhone 6 Demand

10:21 AM, Nov. 25th, 2014 · · Apple Stock Watch

Susquehanna Financial Group analyst Chris Caso raised his 12 month target price for Apple's stock from US$120 up to $135 on Tuesday in response to continued high demand for the iPhone 6 and iPhone 6 Plus. According to his research, demand for the iPhone 6 Plus is so high that Apple simply can't make phones as fast as consumers buy them.

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Demand for the iPhone 6 and iPhone 6 Plus hasn't dropped off since their introduction in September, and we're just now entering into the busiest shopping season for the year. Apple's real problem this holiday season won't be selling iPhones, it'll be making enough to meet demand.

Shares of $AAPL Hit Record Close at $114, Market Cap $670 Billion

8:13 PM, Nov. 14th, 2014 · · Apple Stock Watch

$AAPL Chart

Shares of Apple Inc. hit a new record closing high Friday, ending the week at US$114.18,    a gain of $1.36 (+1.21 percent), on strong volume of 44 million shares trading hands. That puts the company's market cap at $669.6 billion, which is also a record, at least in relative terms.

Bernstein Raises AAPL Target to $120 on Apple Watch Potential

10:33 AM, Nov. 13th, 2014 · · Apple Stock Watch

Apple's entry in the smartwatch market won't come until spring 2015, but Bernstein analysts are already raising their target price for the company's stock from US$110 to $120 based on the Apple Watch's potential. The investment firm sees higher App Store margins thanks to Apple Watch apps, and that's going to help drive revenue even higher.

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Interest in Apple Watch is clearly high, and it seems everyone wants to use Apple Pay. Once Apple Watch ship, Apple Pay opens up to even more iPhone owners, and that should translate into even more revenue for the company.

AAPL Hits a New Closing High Again at $109.70

9:30 AM, Nov. 12th, 2014 · · Apple Stock Watch

Apple's stock price keeps climbing and hit a new closing high on Tuesday at US$109.70. The iPhone and iPad maker's stock has been on a upward trend since before its 7-to-1 stock split earlier this year, and doesn't seem to be showing any sign of slowing down.

Here’s What Apple Wants to Achieve With Apple Pay

7:45 PM, Oct. 20th, 2014 · · Apple Stock Watch

In Apple's Q4 2014 earnings report, Tim Cook was asked by Shannon Cross of Cross Research what Apple's business model is for Apple Pay and whether it will, over time, become a standalone business, like iTunes. Or is it just incremental revenue? It was a great question, but it's neither of those. Here's what Tim Cook told Ms. Cross.

How Apple’s Tim Cook Explained Away Poor iPad Sales

7:33 PM, Oct. 20th, 2014 · · Apple Stock Watch

During Apple's Q4 2014 earnings report, Tim Cook was asked by Steve Milunovich with UBS about his views on the iPad sales of 12.31 million, the second (non-holiday) quarter of declining sales. Here's how Mr. Cook responded.

Apple Posts a Record September Quarter - $42.1 Billion Revenue, $8.5 Billion Earnings

5:02 PM, Oct. 20th, 2014 · · Apple Stock Watch

$AAPL

Apple posted another record quarter Monday, when the company announced results for the September quarter, Apple's 4th fiscal quarter. Apple had record revenue of US$42.1 billion, with record 4th quarter earnings of $8.5 billion (earnings per share of $1.42). The company said that strong iPhone, Mac and App Store sales drove both revenue and earnings.

Attorneys Fish for Shareholder Launch Class Action against GTAT

3:32 PM, Oct. 13th, 2014 · · Apple Stock Watch

Piggybank

The Law Offices Bernard M. Gross, P.C. started the shareholder lawsuit train against GT Advanced Technologies (GTAT) on Monday. Attorneys at the firm are seeking a lead plaintiff for the case, which accuses executives, directors, and underwriters of misleading investors in the wake of the company's fallout with Apple.

Icahn to Apple: Buy Back More Shares

2:10 PM, Oct. 9th, 2014 · · Apple Stock Watch

Apple has US$133 billion in cash and big-name investor Carl Icahn thinks it's time for the iPhone and iPad maker to use some of that money to buy back more stock. In an open letter to Apple CEO Tim Cook, Mr. Icahn said he thinks the company's stock is currently sitting at about half its value, and that's an opportunity not to be passed up.

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Carl Icahn is right about this being a good time for Apple to buy back more of its stock, but don't think his open letter is an altruistic move. This is all about business and increasing his own profit. That's just how business works.

Analyst: Apple Could take GTAT’s Sapphire Furnaces

2:24 PM, Oct. 7th, 2014 · · Apple Stock Watch

With GT Advanced Technologies filing for chapter 11 bankruptcy protection, questions about what that means for Apple and its plans for synthetic sapphire glass displays for the Apple Watch and future iPhones. Susquehanna Financial Group analyst Chris Caso thinks Apple could take possession of the furnaces, take back the factory it leased to GTAT, and buy more sapphire-related IP from the company, too, turning the iPhone and iPad maker into its own glass manufacturer.