Thursday, 13 December, 2018


Apple Start Shipping iPhone X Out To Pre-order Customers

Melba Vasquez | 30 October, 2017, 20:54

AAPL has been the topic of a number of recent research reports. Private Trust Co. NA lifted its stake in shares of Apple by 0.9% during the 1st quarter. Stokes & Hubbell Capital Management LLC now owns 47,483 shares of the iPhone maker's stock worth $6,821,000 after purchasing an additional 778 shares during the last quarter.

"Our prices reflect the fact that no matter a customer's desired plan or carrier, or whether a customer is on a business or personal plan, they are able to get a phone the way they want at Best Buy", Best Buy spokeswoman Carly Charlson said. Morgan Stanley increased their price target on shares of Apple from $177.00 to $182.00 and gave the stock an overweight rating in a report on Monday, July 17th. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & worldwide copyright and trademark laws. Following the transaction, the senior vice president now owns 76,250 shares in the company, valued at approximately $12,367,750.

AAPL has been the subject of several other research reports. Apple's revenue for the quarter was up 7.2% on a year-over-year basis. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $175.00 target price on shares of Apple in a research report on Wednesday, September 6th. The stock has an average rating of "Buy" and a consensus target price of $193.05. Equities analysts expect that Apple Inc. will post $9.00 EPS for the current year. Other suppliers from AAC Technologies Holdings Inc in Hong Kong to Lens Technology Co in mainland China also advanced, tracking Apple's own gains Friday. Finally, Swiss National Bank boosted its holdings in shares of Apple by 1.5% during the 2nd quarter. Texan Capital Management now owns 25,591 shares of the iPhone maker's stock valued at $3,686,000 after acquiring an additional 393 shares during the last quarter.

However, Apple has claimed the glass on the iPhone 8 and iPhone X is much stronger than earlier models, so it could be harder to break. During the same quarter in the previous year, the firm earned $1.42 earnings per share. The stock was sold at an average price of $107.23, for a total transaction of $35,814,820.00. Also, insider Johny Srouji sold 9,827 shares of the firm's stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The disclosure for this sale can be found here. The legal version of this article can be viewed at https://www.truebluetribune.com/2017/10/29/apple-inc-aapl-shares-bought-by-winslow-evans-crocker-inc.html. Corporate insiders own 0.08% of the company's stock.

In a note on Monday, research house GBH Insights raised its pre-order demand expectations for the iPhone X to 50 million units from 40 million, calling the first stage of the iPhone X release a "stellar success".

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