Tag Archives: aapl

Apple dips post-Black Friday with other gadget stocks

Apple (AAPL) stock sank Monday after retail reports indicated a lackluster start to the holiday shopping season overall. U.S. consumers spent 11% less over the four-day Black Friday weekend compared with a year earlier, according to the National Retail Federation. That put a damper on consumer electronics stocks as a group. Apple shares fell 3.3% to 115.07 on Monday. Action camera maker GoPro (GPRO) saw its shares drop 5.7% to 73.50. Outdoor and fitness device maker Garmin (GRMN) watched its stock drop 1.9% to 56.24. Consumer electronics retailer Best Buy (BBY) sagged 5.5% to 37.26. Apple stock hit a record high of 119.75 on Nov. 25 in the lead-up to Black Friday. Many big retailers used Apple iPhones, iPads and Beats headphones as promotional items to generate traffic in their stores last weekend. Some analysts remain bullish on Apple. In a report Monday, UBS analyst Steven Milunovich reiterated his buy…

Apple stock notches new high before retreating

Apple (AAPL) stock notched a new record high price on Tuesday after receiving a bullish report from Stifel Nicolaus analyst Aaron Rakers. Apple stock fell 0.9% to 117.61 on Tuesday, but earlier in the trading session it hit an all-time, split-adjusted high of 119.75. Apple (AAPL) shares have reached new highs in seven of the last 10 trading days on bullish sentiment ahead of the holiday shopping season and the release in early 2015 of the Apple Watch. Plus, Apple is benefiting from the successful launch of the iPhone 6 series smartphones. In a note Monday, Rakers hiked his price target on Apple to 130 from 115. He has a buy rating on the stock. Rakers raised his revenue and profit forecasts for 2015 based on the inclusion of estimates for the Apple Watch smartwatch. While he has many unanswered questions about the Apple Watch rollout, his “initial guesstimate” is for

Apple iPad Slowdown Hobbles Tablet Computer Growth

The tablet computer market will see a sharp slowdown in growth this year, deflated by what is expected to be the first year of decline in Apple (AAPL) iPad shipments. Year-over-year growth in tablet computer shipments is expected to slow to 7.2% in 2014 to 236 million units, down from 52.5% growth in 2013, market research firm IDC reported Tuesday. IDC expects shipments in 2015 to slow further, with growth of 5%. KGI Securities reported that Apple