“RBC Capital’s Mike Abramsky wrote up his findings from a meeting [Wednesday] with Apple’s COO Tim Cook, and CFO Peter Oppenheimer,” Tiernan Ray reports for Barron’s.
“Regarding a low-cost iPhone, Abramsky writes that ‘Apple’s primary criterion for launching a lower-end iPhone is an innovative, category-killer experience,'” Ray reports.
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“In its patent battles, Apple may settle with makers of Android-phones rather than seek to bar them, in order to set itself up with favorable agreements in countries such as China that have less rigorous intellectual property rules,” Ray reports. “Abramsky reiterates an Outperform rating on Apple shares and a $500 price target.”
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