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Most analysts satisfied with Apple’s announcements, think AAPL stock will climb

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Most analysts satisfied with Apple’s announcements, think AAPL stock will climb

Tim Cook

Big-identify analysts appeared glad with what they noticed and heard throughout Apple’s launch of the iPhone 6, Apple Watch and Apple Pay, stories Forbes. Summarising investor notes from a dozen main corporations, Chuck Jones discovered the overall feeling was that Apple had delivered what was anticipated.

The general common of AAPL inventory worth targets was $109, towards the present worth of simply over $one hundred. Analysts pointed to a variety of things in forming their views, amongst them … 

  • Better than anticipated iPhone S availability (towards rumors of the bigger mannequin happening sale later)
  • iPhone S and S Plus are priced proper
  • iPhone S Plus cannibalising iPad mini gross sales can be good for margins (extra revenue on the telephone)
  • iPhone more likely to proceed to develop in the important thing Chinese market
  • Significant (however not superb) iWatch gross sales subsequent yr, estimates starting from 10M to 37M
  • Apple Watch pricing (and thus margins) more likely to be larger than anticipated
  • Apple Watch simply the beginning-level for Apple’s future in wearables
  • Apple Pay (particularly), HealthKit and WatchKit all make the Apple ecosystem extra interesting to shoppers

The massive unknown, says Jones, is iWatch pricing: “there are a number of worth factors and we solely know the $349 entry mannequin.”

Photo credit score: Business Insider

Filed underneath: AAPL Company, Apple Watch, iOS Devices Tagged: AAPL, Apple, Apple pay, Apple watch, applewatch, Chuck Jones, Forbes, iPhone, iPhone 6, iphone 6 plus, iWatch, Share price

For extra information on AAPL Company, iOS Devices, and Apple proceed studying at 9to5Mac.

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