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

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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
Jan 2017BarclaysDowngradesOverweightEqual-Weight
Jan 2017OTR GlobalDowngradesNegative
Jan 2017GuggenheimInitiates Coverage OnBuy

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