3 Apple Headlines You Might Have Missed: A Thumbs Up From Citi, Rumors Of iPhone 7

Did you miss any Apple Inc. AAPL today? Here's a chance to get caught up.

Apple Rally Turning Sour

Apple shares look jaded after a 11 percent runup last week, fueled by the release of its iPhone 7 and 7 Plus. With wireless carriers reporting record preorders, the stock was reacting with a strong move to the upside.

Today's pullback by a little over 1 percent may be due to profit taking, with the trigger being reports of issues with its newest iPhone kid on the block.

Related Link: Buy Apple On The iPhone 7 Launch, As Demand Is Exceeding Supply: Citi

Citi Continues To Suggest Buying Apple

Citi maintained its Buy rating on the tech giant. The reason for the positive stance being strong pre-order activity revealed by its store checks. Analyst Jim Suva opined that improved camera features may have been iPhone 7's trump card. The analyst has an Outperform rating and a $120 price target on shares.

What Samsung Sowed, It Reaped

Samsung's quest to outwit Apple with an early launch backfired, as its rushed through Galaxy Note 7 came with defects in batteries, resulting in fire incidences.