Shares of Apple's stock held remarkably steady on Monday considering the lack of new hardware announcements or other new products during the company's annual World Wide Developer Conference (WWDC) keynote. The stock lost some 0.69 percent in strong volume to close at US$628.65, down $4.35, on strong volume of 13.2 million shares trading hands.
Wells Fargo analyst Maynard Um raised his 12 month target value range for Apple's stock on Friday because the number of iPhone carrier deals the company has in place is on the rise. Currently, 323 cell service carriers offer the iPhone, up from 316 only a month ago. His target range is now between US$595 and $640, up from $515 and $585.
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It may not seem like there are many places for Apple to continue expanding iPhone availability, but clearly there are. More carriers means more potential iPhone sales.
With Apple's confirmation that it is buying Beats Music, the question shifts from "if" to "why," and Wells Fargo analyst Maynard Um thinks that's still something of a mystery. Based on what we do know, Mr. Um thinks Apple's US$3 billion deal could be a defensive move, which would mark a change in company strategy.
Apple's stock is on the rise, and so are the target prices for the iPhone and iPad maker's shares. Both Toni Sacconaghi of Bernstein Research and Ben Reitzes of Barclays raised their target price for Apple's stock on Wednesday, citing expected high demand for the next version of the iPhone.
Shares of Apple Inc. rallied to a 19-month high on Tuesday. Investors were cheered by a report that said the company would launch a home automation platform at next month's World Wide Developer Conference. $AAPL closed at US$625.63 per share, a gain of $11.50 (+1.87 percent), on heavy volume of 12.4 million shares trading hands.
Apple's stock closed on Monday at US$604.59, up $7.08 for the day, marking a new 52 week high for the iPhone and iPad maker. The company's shares have been on the rise leading up to its 7-to-1 stock split scheduled for June 2. AAPL has traded as high as $607.33 in recent days, but has dipped back down before Wall Street's closing bell.
Need a laugh? Vern Seward points out 3 iOS apps that'll have you knee slapping in no time in this week's Free on iTunes. Comedy Central, Comedy Central Standup, and WitStream.
Shares of Apple Inc. closed above US$600 on Monday, the first time $AAPL has done so since October 26th, 2012. The stock ended the day at $600.96, a gain of $8.38 (+1.41 percent), on light volume of 10 million shares trading hands.
Most iPhone 5s users enjoy and benefit from Apple’s biometric authentication called Touch ID. However, since it’s introduction, many users have experienced various problems with the fingerprint recognition. The latest iOS 7.1.1 update appears to fix many, if not all, of the outstanding issues. Sandro Cuccia explains what you need to do to properly reconfigure Touch ID so that you can take advantage of the enhancements.
Apple Inc. completed a US$12 billion bond offering Tuesday, an effort led by Deutches Bank and Goldman Sachs, according to Bloomberg. Reuters reported that Apple issued three, five, seven, and 10-year fixed rate notes along with three-year and five-year floaters.
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