“According to Canaccord Genuity’s checks, Apple’s iPhone 4S was the best-selling smartphone in October for Verizon Wireless, AT&T and Sprint despite only being available for half of the month,” Zach Epstein reports for BGR.
“Apple’s previous-generation smartphone, the iPhone 4, was also found to be among the three top-selling smartphones at each of the country’s top-3 carriers,” Epstein reports. “Canaccord analyst Mike Walkley ncreased his fourth-quarter (Apple’s first fiscal quarter of 2012) iPhone sales estimate to 29 million units from his earlier estimate of 27 million. The analyst also increased his price target on shares of Apple stock to $560 from $545, reiterating a Buy rating.”
Read more in the full article here.