After conducting a new survey showing that iPhone growth is being driven by new owners of the platform, investment firm Cowen and Company raised its price target for Apple on Monday to $135.
As production of the Apple Watch ramps up ahead of its April 24 launch, Apple is apparently still facing yield issues, and continues to tweak its suppliers as it works to bring the wearable device to market.
Apple's stunning first quarter of fiscal 2015 blew virtually every prediction out of the water, and left Wall Street analysts rushing to increase their price targets on Wednesday as the stock jumped higher.
As the supposed September unveiling of Apple's next-generation iPhone lineup draws nearer, at least one Wall Street analyst believes that the component makeup of the rumored 5.5-inch and 4.7-inch "iPhone 6" variants will diverge when it comes to their application processors and touch modules.
While many Apple observers expect the company to reveal solid year-over-year growth for its relatively quiet June quarter, much of the focus will be on new CFO Luca Maestri's guidance for the fall with updated iPhones and iPads on the horizon, the expected closing of the Beats acquisition, and the possibility of a so-called "iWatch."
Google this week announced a number of new products and services for phones, tablets, cars, TVs and more, all of which will compete with Apple. But after seeing Google's latest, Apple-watchers on Wall Street aren't concerned.
Cowen & Company on Tuesday became the latest Wall Street firm to revise their price target for shares of Apple stock upward, setting a new forecast of $102 ahead of the anticipated blockbuster launch of the company's next-generation iPhone.
Apple's second-quarter earnings report was packed with surprises that delighted investors on Wall Street, prompting some analysts to respond by raising their price targets for the iPhone maker's stock.
Though Apple isn't expected to introduce a new iPhone model for months, one Wall Street analyst claims that the company has already internally "locked down" the design for its next flagship handset, sporting a 4.8-inch display and speedy 802.11ac Wi-Fi connectivity.
Though many customers were waiting for Tuesday's announcement of new iPads, Apple still managed to ship near 15 million units in the September quarter, new data provided by the company implies.
Investors remain concerned that Apple may not be able to produce enough second-generation iPad mini units with Retina displays, with one analyst on Monday predicting that the company may not be able to ramp up production to satisfactory levels until next year.
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Neil Hughes
AppleInsider Staff
Sam Oliver
