Haunted by weak PC sales and an Apple (AAPL)-Samsung alliance for memory chips, Micron (MU) stock sagged Friday, continuing a general downtrend that began in December. Still, Summit Research analyst Srini Sundararajan upgraded Micron stock Friday on the premise “that 12-18 months from now, MU will likely be trading at least 20% higher from where it is today.” Micron stock hit a wall when Samsung announced a deal with Apple to produce about half of
Apple (AAPL) stock is treading water ahead of the company’s iPhone 6S launch next Friday. Shares were flat near 114 in afternoon trading in the stock market today. Wall Street analysts seem split over whether the company can increase iPhone unit sales with its ninth-generation smartphones. Apple will face tough year-over-year comparisons because last year’s iPhone 6 launch unleashed pent-up demand for larger-screen iPhones. This year’s models have
Apple (AAPL) investors should reset their expectations for iPhone 6S sales, which are currently too high, Pacific Crest Securities analyst Andy Hargreaves said in a research note Wednesday. “Near-term expectations for iPhone sales remain unrealistically high,” Hargreaves said. “Anecdotal evidence suggests demand for iPhone 6S is lower than demand for iPhone 6.” Apple’s statement Monday that first-weekend iPhone 6S sales are on pace to beat last