Apple Inc. (NASDAQ:AAPL) Showing Quite Trading After Recent Rally
Apple Inc. (NASDAQ:AAPL) shares trades marginally up by 2.9% since Monday with the much awaited WWDC conference held on June 11, 2012 not bringing any great surprise for the investors. The conference was much about the innovations to the already existing product line and the announcement of launch of its new operating system iOS6.
Apple has introduced new operating system iOS6 for its iPhone and iPad with enhanced integration with Facebook. The new OS will be available in the market later in the calendar year 2012. The various updating and innovations included “Siri” voice recognition technology, hi-res screen technology “Retina Display” latest Intel (INTC) “Ivy Bridge” processors with the physical appearance being thinner and lighter. The Company’s newly introduced mapping gained an applause which has replaced rival Google’s mapping in its upcoming iOS6.
The Company has received an Overweight rating by analysts at Canaccord Genuity, Barclays Capital, Piper Jaffary, Morgan Stanley and JPMorgan after the announcements made at the conference with an increased price target set by the analysts.
Previously in the week analyst at Sterne Agee had issued target price of $780 to Apple Inc on collaboration with China’s search engine Baidu.com on inclusion of the Search Engine Company’s services on iPhones in China with the goal of expanding its services and user base.
Shares of Apple Inc. (NASDAQ:AAPL) are up 0.50% at $588.53. In a research note from analyst at Piper Jaffary, the analyst has given a positive rating to the Company explaining that the Company’s iPhone5 sale will definitely generate the expected revenue but there might be a delay in that.