• AAPL Projections Jump One Week Ahead of iPhone 6, iWatch Unveiling

    By this time next week, we will know everything we've always wanted to know about Apple's next-gen iPhone 6 and, possibly even the company's long rumored iWatch.

    With hype surrounding iPhone 6 bigger than any previous iPhone release, it comes as little surprise that investors and analysts are expecting this excitement to translate into a Wall Street surge for shares of AAPL in the near future.

    Barring any unforeseen supply hiccups and product glitches, AAPL is headed for new all-time highs in the weeks ahead. On Monday, Piper Jaffray’s Gene Munster reiterated an Overweight rating and, along with other market watchers raising their estimates, spiked his price target to $120 from $105.

    Munster says Apple is poised to roll out “new products and services that will likely give investors optimism that the platform theme is expanding,” citing iWatch, HomeKit, HealthKit, and mobile payments as examples.

    Munster's projection is lofty given that he isn't sold on Apple lifting the veil on iWatch as soon as next week.

    "There has been some recent speculation that the iWatch may actually be announced at the 9/9 event. We give the watch a 50% chance of being announced at the iPhone event," Munster writes. "Our rationale is that Apple seems less likely to launch a new product category alongside the phone when it could dilute some of the attention from the core product vs. launching alongside iPads, which are expected to get more modest updates."

    As of Tuesday afternoon, shares of AAPL are still trading above $103.

    Source: Barron's
    This article was originally published in forum thread: AAPL Projections Jump One Week Ahead of iPhone 6, iWatch Unveiling started by Michael Essany View original post
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