Apple stock target raised as Android to iPhone upgrades surge

“An unprecedented number of customer switches to Apple Inc.’s iPhone from [phones running] Google Inc.’s Android may help boost the iPhone installed base 26% year-over-year to 505 million users in 2015, according to Canaccord Genuity analysts, who raised their price target on Apple to $160 from $155 Monday morning,” Jennifer Booton reports for MarketWatch.

“They also estimate that only 20% of the current iPhone installed base had upgraded to iPhone 6 smartphones by the end of the second quarter,” Booton reports, “leaving more room for growth among Apple’s existing customer base.”

Read more in the full article here.

MacDailyNews Take: As predicted long before iPhone 6/Plus were unveiled.


Related articles:
Google’s Larry Page: How well is your ‘thermonuclear war’ working, Apple? – January 17, 2013
Steve Jobs: ‘I’m going to destroy Android, because it’s a stolen product; I’m willing to go thermonuclear war on this’ – October 20, 2011


    1. Hey Troll boy, No MDN reader aka Apple fan would vote this down – Eat your heart out – Apple Rules Ok!

      HAHAHAHA 😊 😀😊😀

      Someone must be paying you to spend every day down voting positive Apple feedback, or else you’re such a deadbeat worthless piece of trash that even the garbage man won’t pick you up….

        1. Hey Troll boy the only thing “YOU” would find entertaining would be an enema or a lobotomy. Most EVERYONE here, thinks different and knows and applauds that APPLE is going to the Moon – You ain’t no Gate keeper, you ain’t no master, you ain’t nothing but a garbage leach working for sucks.

          HAHAHAHA 😊 😀😊😀

    2. Who is it Troll boy? The scared Google or Sam scum Apple wannabes that can’t handle Apple’s ingenuity, superiority and unrivaled loyal fan base …?

      Whose life and time is so worthless that they systematically spend every day down voting all positive Apple feedback (and calculating the number of down votes to keep a low 1-2 star rating) – you are either such a deadbeat that you have no life or time value, or your sponsors are so desperate that they can’t possible think different, if at all.

      HAHAHAHA 😊 😀😊😀

    1. Android is just keeping the non Apple share of the market ( sub $300) warm for Apple. When Apple starts to go down the price food chain below $300 then it’s overall total smartphone market share will rise sharply. Because there are little or no profits to be made below $300 Apple will not play in that landfill.

      You can think of the sub $300 phone market as training wheels for future Apple devices or maybe even future iphones if Moore’s
      Law continues to be valid. The Bill of Materials plus assembly labor for a real smartphone is now $200+. Consider Samsung with an average selling price of $198 as opposed to Apple’s $665. No wonder Samsung’s earnings have declined for 6 quarters in a row and Apple’s earnings keep increasing.

      There are two separate and distinct smartphone markets $300 ( profitable) and sub $300 ( for losers only).

  1. Hate it when analysts says smartphone market is saturated. It is saturated for Android not iphone! Iphone only has less than 20% market share world with 80% on cheap android. Which means plenty room growth with switchers for users who want better experience, higher aspirations.

  2. It’s always odd when Apple gets a target price upgrade and the share price either doesn’t move or drops but any price target upgrade for Netflix makes the stock shoot up on afterburners. There’s no guarantee any company has to be equal to an analyst price target upgrade. There are things at play that never quite make any sense to me.

    I have noticed how Microsoft now has a P/E of 20 and Apple has a P/E of 15.5 and I’m at a loss as to why that gap has grown so large in a matter of weeks with Apple doing as well as it is.

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