2 Apple Stories JP Morgan Is Watching Monday Morning
Monday is the big day for Apple Inc. (NASDAQ: AAPL) as the market waits for the 1 p.m. ET 'Spring Forward' event. Ahead of that, JP Morgan identified two stories in the news this weekend that it is watching.
First, the Wall Street Journal reported that banks are making it more difficult to set up an Apple Pay account after crooks loaded stolen cards to make fraudulent purchases last week. The stolen cards have been linked to the Target Corporation (NYSE: TGT) and Home Depot Inc (NYSE: HD) hacks last year. WSJ said that the "banks are making customers jump through hoops," which could slow the pace of Apple Pay adoption.
The second story, from Apple Insider, said that Apple will update internal specs on its iPad Mini. The report suggested that an "iPad Mini 4" will have the same specs as the iPhone 6 and iPhone 6 Plus. The iPad Mini 4 will arrive "soon."
Shares of Apple were up about 0.8 percent in the premarket.
Latest Ratings for AAPL
|Jan 2017||OTR Global||Downgrades||Negative|
|Jan 2017||Guggenheim||Initiates Coverage On||Buy|
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