1. Michael Essany's Avatar


    With 22 days left in the 2014 holiday shopping season, the world's leading mobile devices makers are definitely feeling the pressure from global smartphone and tablet producers as mobile tech will once again dominate the holiday sales landscape.

    But Apple is feeling less pressure than it has ever felt this time of year due to the relative cruise control the company seems to be enjoying in the mobile device market. With sales of the company's newest iPhones and iPads poised to make Apple the holiday season's biggest tech winner, Wall Street analysts are tinkering with their projections to reflect this unprecedented momentum.

    On Tuesday, Canaccord Genuity analyst Michael Walkley upped his price target on Apple to $135 a share. That's a sizable $15 increase from his previous target of $120.

    Walkley was quoted Tuesday by MarketWatch confirming that smartphone surveys for November "indicated very strong demand for the iPhone 6 and 6 Plus smartphones." The biggest pressure Apple may be feeling today likely isn't from Samsung or Microsoft, but instead from its own supply chain. The largest concern on Apple's mind these days is simply meeting the crushing demand consumers are demonstrating for the latest Apple products.

    Source: MarketWatch
    2014-12-02 09:52 PM
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