Amazon's new Fire Phone isn't going to be anything to keep Apple awake at night, according to Cantor Analyst analyst Brian White. In a note to clients covered by The Wall Street Journal, Mr. White told clients, "We do not anticipate any impact to Apple’s iPhone franchise."
After pointing out the lack of success by Google's Nexus One and Motorola Mobility's Android offerings, Mr. White said, “In our view, today’s announcement represents another attempt by Internet-related players to compete in the mobile device world. These initiatives have left Apple unscathed in recent years.”
Another part of the note claims "Apple is unique in its ability to develop hardware, software and services that work together seamlessly.” This has long been a basic pillar of Apple's strength, and recognizing that is one of things that sets Mr. White apart from many other analysts.
It's interesting to note that Apple stock is up 15% so far in 2014, and Amazon stock is down 16% so far this year.
Shares of $AAPL ended the day lower at US$91.86, down $0.320 (-0.35 percent), on light volume of 35.5 million shares trading hands.