“With its price target at risk of falling below the company’s actual trading share price, Canaccord Genuity on Thursday updated its forecast for Apple stock to $660, and revealed the results of a new survey that found the iPhone 5s is the most popular handset at all four major U.S. carriers,” Neil Hughes reports for AppleInsider.
“Analyst Michael Walkley’s latest update came in a note to investors, a copy of which was provided to AppleInsider,” Hughes reports. “Apple’s high of $604.41 put it very close to Walkley’s previous price target of $610.”
“Walkley justified his new price target of $660 as his firm’s surveys conducted in April found that the iPhone 5s was the top selling smartphone not only at all ‘tier-one’ U.S. carriers, but also at a number of global channels,” Hughes reports. “The April surveys also found that customers are increasingly opting for early upgrade programs, and are showing a greater propensity toward more expensive smartphones when enrolling in such programs. All four major U.S. carriers now offer such programs: AT&T Next, Verizon Edge, T-Mobile Jump, and Sprint One Up.”
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MacDailyNews Take: The world’s most advanced smartphone is the most popular handset at all four major U.S. carriers and also at a number of global channels. There is hope for this world after all (when it comes to taste, at least)!