“Ticonderoga Securities’s Brian White this morning reiterates his Buy rating on Apple (AAPL) shares, and a $666 price target,” Tiernan Ray reports for Barron’s.
White writes “that the company’s iPhone 4S, which went on sale Friday in Hong Kong and 14 additional countries, on a pre-order basis, has sold out in Hong Kong within ten minutes, according to his ‘checks,'” Ray reports. “White expects mainland China will get the device next month.”
Read more in the full article here.
MacDailyNews Take: Sold out. As opposed to shipped out.
[Thanks to MacDailyNews Reader “Edward Weber” for the heads up.]
’nuff said.
When all you see are headlines of iPhone 4S selling out at record speed and quantities and ALL Apple products selling at record pace and numbers and then see the stock go down with the release of each and every headline – it doesn’t take a minor to conclude that someone with shares to spare ( read that: institutional) is dumping to deliberately disparage and create a negative impression of selling.
SEC get your lazy asses on the Apple share price manipulation shenanigans – before you are linked to the payoff….
This is par for the course. I heard that fund managers are very depressed at the moment because it is hard for them to make money for their clients. Apple is probably taking more of a hit because it is the only stock they can rely upon to bounce back.
I agree that the SEC should do more but in really they are part of the problem.
Just stay in for the long haul. Apple is up 25% for the year to date and there are not that many stocks that can say that.
Every 6 months or so there is an adjustment to the upside. For those with spare cash they can take advantage of the lows.
I jumped in 6 years ago and the stock is up 450%. Hopefully in 6 years time it will be up at least 1000% overall.
minor = genius. Autocorrection screwup…
Ups! He said that number! 666…
As in 666.66 the cost of Apple I…