Services revenue, anticipation of a 5g "iPhone 12" in 2020, coupled with surveys demonstrating strong current iPhone 11 demand has led Canaccord Genuity to set a $355 price target on Apple stock.
Apple continues to dominate smartphone sales with their flagship iPhone 5s and mid-range iPhone 5c as the handsets took two of the top three sales slots at every major U.S. wireless carrier for the third month in a row.
While Samsung's latest flagship smartphone, the Galaxy S4, unsurprisingly took the top spot at three of the four major U.S. carriers' stores in the month of May, Apple's eight-month-old iPhone 5 still remained the most popular smartphone at AT&T retail.
Apple and Samsung have once again accounted for all of the profits in the smartphone business, with the iPhone taking 57 percent of the market's value.
{{ summary }}
Mike Wuerthele
Shane Cole
Sam Oliver
Neil Hughes
