Piper Jaffray analyst Gene Muster has outlined his expectations for the iPhone 7 in a research note to clients. Munster gives AAPL a price target of $172 and selects the stock as his top large-cap pick, displacing Amazon. Apple's stock is said to have three big catalysts over the next year. A strong holiday quarter driven by new Apple Watch, iPad Pro, and Apple TV products. A … [Read more...] about Time to Get Ready for an iPhone 7
Piper Jaffray
Analyst: 75% of Early iPad Air Buyers Already Own an iPad
Piper Jaffray analyst Gene Munster has released the results of his iPad Air launch day survey finding that 75% of buyers already own an iPad. Munster surveyed 71 iPad buyers and determined that the early-adopter upgrade cycle is 23 months, 7 months shorter than the general public's upgrade cycle of 30 months. He also found that the average capacity purchased was 59.7GB versus … [Read more...] about Analyst: 75% of Early iPad Air Buyers Already Own an iPad
Apple Could Sell Up to 10 Million iWatches in the First Year
Piper Jaffray analyst Gene Munster says Apple could sell up to 10 million iWatches in the first year. His team asked 799 U.S. customers whether they would spend $350 on a watch that connected to the iPhone. 88% said no and 12% said yes. Munster realized that not everyone who was interested in the device would actually purchase one, so he conservatively estimated that 2-4% of … [Read more...] about Apple Could Sell Up to 10 Million iWatches in the First Year