“Apple’s listless share price could present a gilt-edged buying buying opportunity for investors, according to Goldman Sachs, which says that recent concerns about the company’s upside are overstated,” James Rogers reports for TheStreet. “‘We continue to believe the current valuation represents a remarkably attractive buying opportunity,’ explained Goldman analyst Bill Shope, in a note released on Monday. ‘We would be aggressive buyers of Apple’s stock.'”
‘Apple has given little indication of its iPhone 5 launch plans although it has confirmed that its June Worldwide Developers’ Conference, typically the launch pad for new hardware, will focus on its iOS and Mac operating systems. Set against this backdrop, there has been speculation that the iPhone 5 may not appear until the fall,” Rogers reports. “Goldman’s Shope, however, thinks that investors should not lose too much sleep about this issue, particularly at a time when iPhone sales are going through the roof.”
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