Canaccord ups Apple price target to $660, finds iPhone 5s top seller at all major U.S. carriers

“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.”

Read more in the full article here.

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)!

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