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The fruits of Apple (NASDAQ: AAPL)’s labor have clearly paid off as the company continues to benefit from positive buzz about its new iPhone line. Here are a few of the Apple stories that made news on Tuesday.
An Upgrade from Susquehanna
Susquehanna upgraded Apple to “Positive” from “Neutral” and raised its price target from $440.00 to $625.00. In the report, it noted, “Our thesis all along is that we have wanted to own AAPL for what we believed to be a stronger iPhone 6 cycle. Now that the risk of a disappointing iPhone 5S launch is greatly reduced, and the stock up only moderately since our May initiation, we can't come up with a good reason to remain on the sidelines.”
Positive Mention at Morgan Stanley
A Morgan Stanley (NYSE: MS) report on Tuesday said that the iPhone 5C will have higher than expected margins. Analyst Katy Huberty raised Apple’s Q4 earnings per share up to $8.00 from $7.51.
Related: Three Monday Apple Headlines You Might Have Missed
The 5S Really Did Outsell the 5C
According to a report by Localytics, the iPhone 5S outsold the 5C by 3.4 times. The report noted, “From the data we are seeing, 1.05% of all iPhones in the United States are now iPhone 5S and just 0.31% are iPhone 5C.” It explained that the people who buy a phone during its initial launch weekend are the power users that are looking for the high-end phone. This could mean that the 5C will greatly close that gap as value minded customers begin upgrading to it because of its $99 price point.
Leaked Pictures of New iPad Shell Leaked
Appleinsider posted images of the shell and other components of the upcoming fifth generation iPad. Just like the iPhone 5S, Apple is revamping its colors. These images are of the space grey model. Sonny Dickson—a highly reliable source for pictures of not-yet-released Apple products, originally posted the images.
Apple Might Be Working on a 12” iPad
According to a Chinese publication, Apple may be partnering with Quanta Computer to develop a 12” iPad. With the iPad mini at 7.9 inches and the iPad at 9.7 inches, this would represent the largest model to date.
According to the report, as consumers look to replace their laptop with a tablet, they are demanding larger screens. The Wall Street Journal reported that Apple is considering a 13” iPad as well.
Disclosure: At the time of this writing, Tim Parker was long Apple.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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