“The verdict is out on the new Apple products and the ruling from Goldman Sachs is: ‘Impressive,'” Sara Sjolin reports for MarketWatch.
“The investment bank’s analysts said in a note on Wednesday — a day after the feverishly awaited product launch — that the new devices met the already sky-high expectations, and the iPhone 6 series in particular stood out,” Sjolin reports. “‘The iPhone refresh was by far the most impactful announcement for Apple’s bottom line,’ the analysts wrote.”
“They see the stock reaching $115 within 12 months, compared with $107 expected before the launch. They also reiterated the buy rating,” Sjolin reports. “They also liked Apple Pay and the Apple watch because the devices expand Apple’s platform and further feed into the tech giant’s operating system, iOS. The analysts found the watch to be ‘surprisingly innovative,’ although they don’t expect it to be a financial game-changer for the firm. Most analysts at other investment banks also kept their buy ratings on Apple.”
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