“Analysts and investors alike are gearing up for the highly anticipated retail release of Apple’s new Apple Watch,” Carly Forster writes for Seeking Alpha.
“Zon April 1, Citigroup analyst Jim Suva reiterated a Buy rating on Apple with a $145 price target, noting “The reason we view Apple Watch as a bonus potential catalyst is we are not impressed with the one day battery life or lack of built in GPS and look for Apple to make enhancements to eventually address these concerns, albeit likely in the second generation of Apple Watch,'” Forster writes. “The analyst believes improvements made on the Apple Watch will result in additional revenue stream.”
Read more, including Pipe
r Jaffray analyst Gene Munster’s predictions for Apple Watch, in the full article here.
MacDailyNews Take: Build in GPS and you’d be lucky to have 3-hour battery life in a device that size. If you’re going to “analyze” something, at least hew somewhat to actual reality.