“A voice-messaging app could become a defining feature for Apple’s rumored iWatch smartwatch, UBS Securities analyst Steven Milunovich said in a research report Tuesday, while another analyst raised his price target for Apple stock,” Patrick Seitz reports for Investor’s Business Daily.
“At its Worldwide Developer Conference in June, Apple introduced voice messaging capabilities to its Messages app in iOS 8. With iOS 7, a message can be dictated, but it is sent and received as text. With iOS 8, users can touch a new microphone button and record a voice message, then swipe the screen to send it, Milunovich says,” Seitz reports. “‘When we visited with (Apple CEO) Tim Cook, he said that walking down streets in China one sees people speaking into their phones sending voice rather than text messages,’ Milunovich said. ‘Porting this capability to the watch makes sense as it is easier to send a voice message from a device already on the wrist than pulling out a phone. It also could aid penetration of China, which Cook said has a ways to go.'”
Seitz reports, “Meanwhile, BTIG analyst Walter Piecyk raised his price target on Apple stock to 112 from 86 on higher iPhone and iPad sales estimates.”
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