“The strong performance of Apple’s new iPhone over the weekend has some analysts giddy, with Global Equities Research going so far as to say this marked ‘the beginning of a new era’ for the company,” Tomi Kilgore reports for MarketWatch.
“Apple shares advanced 0.7% in premarket trade Monday, amid reports that the iPhone 6 Plus was sold out by Sunday morning, and that a bulk of the iPhone 6 models, particularly the gold version, were out of stock,” Kilgore reports. “The average rating on Apple’s stock is overweight, and the average price target is $108.81, which is 7.8% above current levels. The highest is $135, from Alex Gauna at JMP Securities, according to FactSet.”
“Apple said Monday that it sold 10 million new iPhone 6 and iPhone 6 Plus devices over the weekend, a new record,” Kilgore reports. “Cantor Fitzgerald analyst Brian White said if the demand didn’t outstrip supply so quickly, those sales numbers could have been much higher.”
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