“Ahead of Apple’s media event next week, analysts are sounding increasingly optimistic on shares,” Kristen Scholer reports for The New York Times. “Two analysts with ‘buy’ ratings on Apple’s stock published notes Monday, talking about what they see as promise in the company’s share price after a year of turmoil.”
“‘The next six months [are] likely [to be] more kind than the last,’ said Nomura analyst Jeffrey Kvaal,” Scholer reports. “Meanwhile, UBS analyst Steven Milunovich said Apple’s ecosystem has ‘never been stronger’ and that the company’s newest iPhone – expected to be unveiled Monday – could add 25 cents per share to the company’s bottom line in the fiscal year.”
“A week from today, Apple is hosting an event in which it is expected to show a new 4-inch iPhone and revamped iPads, sources have told The Journal,” Scholer reports. “In the months ahead, the company is also expected to increase its share repurchase program and introduce the iPhone 7 in September — when the company usually debuts the latest version of its priciest smartphone.”
Read more in the full article here.
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