Tag Archives: aapl

Apple soars to new high as Black Friday approaches

Apple stock continued its journey into record high territory Monday as Wall Street awaits a brisk holiday shopping season, starting Thanksgiving weekend. Apple (AAPL) stock was up 1.5% near its intraday and all-time high of 118.36 in afternoon trading on the stock market today. Apple (AAPL) is riding high on the success of its iPhone 6 series smartphones, which debuted in late September. Susquehanna Financial Group analyst Chris Caso on Monday reiterated his positive rating on Apple stock and raised his price target to 135 from 120 on expectations for higher iPhone average selling prices. “Our recent checks suggest iPhone production of 60 million to 65 million (units) for Q4, consistent with our prior expectations,” Caso said in a research note. “Given persistently long delivery times, it’s clear that iPhone demand is still exceeding supply, and we won’t know the true level of demand until supply catches up and delivery times…

Credit Card Networks Pick Sides In Mobile Payments

Credit card networks will go along with mobile payment apps that preserve the status quo, with Apple (AAPL) Pay, Google Wallet and phone-company-backed Softcard having the inside track, Moody’s Investors Service says in a new report. American Express (AXP), MasterCard (MA) and Visa (V), however, will not support MCX, a likely new entrant in 2015, says Moody’s. Retail consortium MCX plans to launch its own mobile wallet, dubbed CurrentC, with the

Apple Watch demand underestimated, Morgan Stanley says

Apple (AAPL) stock climbed on Thursday after receiving another round of price target increases from Wall Street analysts. Piper Jaffray, Evercore and Morgan Stanley hiked their Apple targets to 135, 135 and 126, respectively. Jefferies and Oppenheimer raised their targets earlier this week. Apple stock was up 1.7%, near 116.50, in afternoon trading on the stock market today. Apple hit an all-time, split-adjusted high of 117.28 on Monday. Piper Jaffray analyst Gene Munster reported improved availability of the iPhone 6 and iPhone 6 Plus at Apple stores. Based on his checks, 58% of iPhone 6 series handsets were available for in-store pickup as of Nov. 14. That compares with 6% on Oct. 17, he said in a note Thursday. A report by BMO Capital Markets on Tuesday noted an improved supply of iPhone 6 handsets in Apple’s own stores, but not so at its wireless carrier partners. Morgan Stanley analyst…