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Apple Stock To Rise Thanks to Verizon Deal

Aug 10 2009, 12:55pm CDT | by

Apple Stock To Rise Thanks to Verizon Deal
 
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If you're looking to pick up some Apple stock, now might be the time. AppleInsider reports that UBS has just issued a short-term 'Buy' rating for Apple, and expects its stock to raise from $160-$170. Maynard Um, one of their analysts, was somewhat less bullish. He gave the stock a neutral rating, primarily due to fluctuating component prices.

Um also stated that the announcement of a Verizon Wireless product, AKA the iTablet, would change his opinions on Q4 Apple stock. There has been quite a bit of speculation that Apple's new tablet will be a 4G machine, and that Verizon will be its carrier. If this ends up happening, it could greatly alter Apple's Q4 revenue.

The analyst noted that Apple's fourth-quarter gross margins are often their lowest of the year. It's possible that the recent release and robust sales of the iPhone 3GS will offset this, but Apple still has the rising cost of components to worry about. The upcoming release of a new generation of iPods could tip things back in Apple's favor, but lagging iPod sales make this far from a guarantee.

Whatever happens in Q4 won't change the fact that Apple has had one of their best years in history. Snow Leopard pre-orders are through the roof, the iPhone 3GS has been an enormous success, Mac sales are doing well, and in general Apple has weathered the recession far better than they had any right to.

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<a href="/latest_stories/all/all/5" rel="author">Robert Evans</a>
The excitement about new smartphones, tablets and anything mobile drive Robert to unearth the latest rumors and developments in this fast moving space. He adopted 4G as soon as it become available and knows where the mobile market is going.
Robert can be contacted directly at robert@i4u.com.

 

 

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