“Six months ago, as we forecast a second-half 2013 Apple run, it was mentioned that leg two of the rally would depend on the headlines,” Jason Schwarz writes for TheStreet.
“If headlines in the aftermath of the Sept. 10 event suggest Apple innovation is back, then the stock would be in position to run from $500 to $600. I must say that since the stock dipped below $450 on Tuesday, this 48-hour shift in sentiment has been shock and awe,” Schwarz writes. “Based on the extremely favorable iPhone 5S reviews from a variety of outlets from Wall Street Journal and USA Today, to CNET, TechCrunch and, of course, Jim Dalrymple and John Gruber, to name a few, it is now expected that there will be lines and shortages for the 5S over the coming weeks and months. The M7 coprocessor is a hit. The fingerprint Touch ID is so solid and proprietary that not even Samsung is likely to get away with a copycat version.”
Schwarz writes, “Clearly Apple is in good hands. Steve made a great choice to hand over the reins to Tim.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Cubert” for the heads up.]