Apple investors banking on new products this autumn

“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.

Related articles:
Jim Cramer: Too much Apple hatred – July 24, 2013
BMO admits underestimating Apple’s upside potential, upgrades AAPL to ‘Buy’ – July 24, 2013
Apple’s $35.3 billion June quarter: What the analysts are saying – July 24, 2013
Apple’s Q313 beats Street: So, how did the Apple analysts do? – July 24, 2013
iPhone(y) Baloney: Brisk sales rebut notion Apple’s revolutionary device is out of gas – July 24, 2013
Apple’s stellar iPhone sales dumbfound ‘experts’ – July 24, 2013
Yet again, many Apple analysts were wrong: People still prefer iPhone – July 23, 2013
Record iPhone sales power Apple’s third-quarter, shares climb – July 23, 2013
MacDailyNews presents live notes from Apple’s Q313 Conference Call – July 23, 2013
Apple beats Street on record quarterly iPhone sales – July 23, 2013


  1. 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.

  2. 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.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.