Tag Archives: aapl

When will Apple stock surpass its all-time high?

With Apple stock within striking distance of its all-time high, reached nearly two years ago, some Wall Street analysts are setting price targets that have Apple coming even closer, just a hair’s breadth away from the high mark. Apple (AAPL) hit its split-adjusted record high of 100.82 in September 2012. It fell to as low as 55.07 in the interim but has steadily retaken lost ground since mid-2013. In afternoon trading Thursday, Apple stock was down 2% near 92. RBC Capital Markets analyst Amit Daryanani on Thursday raised his price target on Apple stock to 100 from 96 and reiterated his outperform rating. He cited the company’s second-half 2014 lineup of products for his optimism. The products that he expects include the bigger screen iPhone 6 (with 4.7-inch and 5.5-inch display models), an iWatch smartwatch-fitness band and a refreshed iPad tablet line, Daryanani said. He does not expect Apple… .

Samsung, Pebble dominate smartwatch sales, but Apple looms

Samsung and Pebble dominate the nascent smartwatch market today, but the expected entry of Apple (AAPL) and Google (GOOGL) into the field this year will shake things up. Nearly 500,000 smartwatches have sold in the U.S. since last October, generating sales of $96 million, the NPD Group reported Wednesday. Samsung’s Gear watches accounted for 78% of the revenue, followed by Pebble with 18%. The average price of a smartwatch is now $198, NPD analyst Ben Arnold says. But average prices have fluctuated since October, reaching as high as $257 and dropping as low as $160, he said. Samsung has offered its Gear watches in promotions, bundled with its Galaxy and Note smartphones. Arnold told IBD that smartwatch sales in the U.S. could reach 2 million units this year as new devices hit the market. An NPD survey found that 20% of consumers say they are interested in purchasing a smartwatch…

Smartphone Users Seen Rising 25% In ’14, Led By China<QL>

The number of smartphone users worldwide is seen rising 25% this year, led by China and other parts of Asia, slower growth than prior years but still generally considered a brisk pace. So says research firm eMarketer in a report released Wednesday. Apple (AAPL) is among the smartphone vendors making a big push for sales in China, including finally reaching a pact that lets No. 1 wireless provider China Mobile (CHL) finally start selling iPhones.