“Shares of Apple Inc., down nearly 40% from the all-time high notched in 2012, found relief Wednesday following the company’s third-quarter report, though the results have arguably intensified pressure on Apple to bring out new products over the next couple of months,” Dan Gallagher reports for MarketWatch.
“Shares of Apple were trading up nearly 6% at $443.70 by late Wednesday afternoon,” Gallagher reports. “The stock has jumped 12% since slipping below the $400 mark last month but remains down more than 16% this year alone.”
Gallagher reports, “Expectations for new products — especially in the iPhone and iPad lineups — appear to be the main drivers for brokers who remain positive on Apple. More than three-quarters of the analysts covering the stock maintain buy ratings with price targets at or above $500, according to Thomson Reuters data.”
Read more in the full article here.
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You may have to wait 100 yrs! LOL !!
I don’t know Slimon… but, I would be ready to see him as Tim’s replacement right now. It could not be worse than the current situation. “Banking on new products” will be a total fail if Tim’s ongoing promises of them continues to produce the same old results – nothing but broken promises or, more plainly, lies.
slimon and Jay Morrison: Go Away And Never Come Back. Why don’t you start your own site instead of crapping all over this one? Mac_Troll_News or Mac_Hater_News sounds like it would attract people who share your sentiments.