Market Overview

Munster Says Consumers Still Excited About iPhone 5 'Even Following the Launch Craze'

Share:
Related AAPL
Did Apple Send Mixed Messages About Its Apple Watch Launch?
FBR Sets $185 Target On Apple
Comcast - Time Warner To Meet DoJ And FCC Officials For Clearance (GuruFocus)

Piper Jaffray's Gene Munster -- oft considered the top analyst covering Apple (NASDAQ: AAPL) -- issued a note Thursday morning suggesting demand for Apple's iPhone 5 is "strong."

The firm recently surveyed some 800 consumers and found over 53 percent of potential iPhone buyers said they expect to buy the latest version of the iPhone over the next three months. This figure was down only very modestly from 54.9 percent in a mid-October survey.

Munster iterated: "The majority of U.S. consumers want an iPhone 5 even following the launch craze."

Piper Jaffray separately conducted a survey over Twitter, which showed stronger purchase-intent interest in the iPhone 5 following its debut as compared to the iPhone 4S debut.

Munster reiterated his Overweight rating and $900 price target on shares of Apple.

Latest Ratings for AAPL

DateFirmActionFromTo
Apr 2015FBR CapitalInitiates Coverage onOutperform
Apr 2015Maxim GroupInitiates Coverage onHold
Apr 2015Raymond JamesDowngradesOutperformMarket Perform

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Analyst Color Reiteration Analyst Ratings

 

Related Articles (AAPL)

Around the Web, We're Loving...