Tag Archives: aapl

Apple iPhone 6 Priced Into Stock; iWatch Is Wild Card

Expectations are sky-high for Apple’s fall product unveiling on Tuesday, and some investors are experiencing vertigo. Apple (AAPL) stock hit a record high of 103.74 on Tuesday, up 38% since the company reported its fiscal second-quarter results on April 23. But Apple shares swooned over 4% Wednesday after Pacific Crest Securities recommended investors take profits in the stock ahead of next week’s event. And the stock fell 0.8% on Thursday, to

Isis Mobile Payments Name Axed, For Obvious Reasons

A mobile payments joint venture of AT&T (T), Verizon Communications (VZ) and T-Mobile US (TMUS) has changed its name to Softcard from Isis to avoid any confusion with a violent Islamic State extremist group operating in Syria and Iraq known by the name ISIS. As it was, the joint venture has struggled to gain traction amid lukewarm consumer interest in mobile payments. But Apple ‘s (AAPL) expected entry into mobile payments could spark consumer

Time for Apple to put up or shut up on new categories

Apple CEO Tim Cook promised that Apple (AAPL) would enter new product categories this year, and analysts expect him to put his money where his mouth is next Tuesday at a media event in Cupertino, Calif. Besides the iPhone 6, Apple is widely expected to introduce a mobile e-wallet service, perhaps called iWallet, and a wearable device, which some have dubbed the iWatch or iBand. Pacific Crest Securities analyst Andy Hargreaves late Tuesday recommended that investors take profits in Apple ahead of next week’s product launch event. In a research note, Hargreaves said he likely will downgrade Apple’s rating from outperform unless the company unveils new categories that “can generate billions of dollars of incremental operating profit.” Apple investors took his advice Wednesday and sold off Apple shares. In early afternoon trading, Apple was down 3%, near 100, in the stock market today Hargreaves has a price target on Apple…