Analysts suggested a share in Apple worth nearly USD500 is a better buy than the company's USD500 iPad.
Tags: Apple
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RBC Capital's analysts raised their price target on Apple Inc from USD475 to USD525 due to buyback chatter and the release of new Apple products.
Cumberland Advisors' David Kotok isn't convinced about Apple's rally in share price yet.
Gartner said during the second quarter, smartphones outsold feature phones for the first time. According to research firm Gartner, smartphones outsold feature phones during the second quarter for the first time.
Apple's stock rose after Carl Icahn expressed his interest in the company amid the release of Apple's new products.
US District Judge Denise Cote scheduled a May 2014 trial for Apple to determine damages. On Wednesday, a court order said US District Judge Denise Cote scheduled a May 2014 trial for Apple to determine damages.
Analysts said the release of new iPhone and the 4G license grant for China Mobile might mean Apple and China Mobile's deal is looming.
Gartner confirmed the latest report from the International Data Corporation and said Android-based devices made up 79% of all the smartphones sold during 2013's second quarter.
Analysts said supporting an expanded buyback program proposed by Carl Icahn would be short sighted. Billionaire investor Carl Icahn said he thinks Apple shares were "extremely undervalued.
Omega Advisors Inc sold its shares in Facebook and precious metals' companies and bought Apple shares after Apple's decline.
