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Apple Will Trade At $200 Per Share: Munster, Milunovich And Others Weigh In
Wednesday, March 29, 2017 - 10:35am | 402UBS analyst Steven Milunovich said in a report Tuesday that Apple Inc. (NASDAQ: AAPL)'s stock has a path towards $200 per share over the coming years. His analysis was quickly supported by one of Apple's most notable experts, former Wall Street analyst turned venture capitalist Gene Munster...
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Why Apple Needs China Growth To Strengthen This Year
Monday, March 13, 2017 - 11:40am | 282For years, China has been a major concern for Apple Inc (NASDAQ: AAPL) and its shareholders. The latest numbers from UBS indicate that the story hasn’t changed in fiscal 2018. According to analyst Steven Milunovich, the global premium smartphone market is strong for Apple everywhere but China...
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Competition Only Helps Apple Ripen, An Advantage Over The FANG Stocks
Thursday, March 9, 2017 - 12:17pm | 472Based on views from Apple Inc. (NASDAQ: AAPL) observer Horace Dediu, UBS said in a note competition only helps, which gives it an edge over the FANG stocks, namely Facebook Inc (NASDAQ: FB), Netflix, Inc. (NASDAQ: NFLX), Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc (NASDAQ: GOOGL). 3...
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Buffett On iPhone: Apple Has Products People Would Use, 'Not That I Do'
Thursday, March 2, 2017 - 3:45pm | 328Warren Buffett ventured outside of comfort zone in 2016 when he took a large stake in tech giant Apple Inc. (NASDAQ: AAPL). Historically, Buffett has shied away from tech companies, but UBS analyst Steven Milunovich understands why Buffett decided to buy 133 million shares of Apple. He believes...
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Apple's Foray Into AR Will Take Time, But Could Be A Massive Market
Tuesday, February 28, 2017 - 12:20pm | 365With the highly-anticipated iPhone 8 likely due out later this year, the iPhone still reigns supreme for Apple Inc. (NASDAQ: AAPL) investors. Yet at some point, Apple is going to need to find another growth source to replace the increasingly saturated smartphone market. Investors and analysts...
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This Survey Reveals iPhones Are Selling Well In US, But Apple's China Softness Continues
Tuesday, November 1, 2016 - 8:13am | 326UBS semi-annual Evidence Lab Global Smartphone Survey indicated that while the iPhone was expected to see modest growth in 2017, 2018 showed better growth potential. iPhones Selling Well The survey was conducted across nearly 6,500 customers in five countries and revealed “higher...
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MacBook Refresh Good For Apple's Ecosystem
Friday, October 28, 2016 - 12:06pm | 285Apple Inc. (NASDAQ: AAPL) introduced a new user interface as the focus of the MacBook Pro refresh. UBS’ Steven Milunovich maintains a Buy rating on the company, with a price target of $127. MacBook Refresh “The focus of the MacBook Pro refresh was Touch Bar, a touch screen-style...
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Tim Cook Was Disrespected During Apple's Conference Call: Jim Cramer
Wednesday, October 26, 2016 - 11:56am | 389Jim Cramer is a big fan of earnings conference calls and listens to as many as possible. On Wednesday, he offered his take on Apple Inc.'s (NASDAQ: AAPL) call. Cramer was quick to point out there was a tremendous amount of disrespect on the conference call towards Apple CEO Tim Cook....
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How To Time The iPhone Release Cycle
Wednesday, October 12, 2016 - 7:37am | 378While commenting on how to anticipate iPhone product cycles, UBS analyst Steven Milunovich said in a report that Apple Inc. (NASDAQ: AAPL) should narrow the discount at which it is currently trading as investors “perceive life beyond F18.” The analyst maintained a Buy rating on the...
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iOS Everywhere: Apple's Future Evolution May Lie In Almost Everything Except The iPhone
Wednesday, October 5, 2016 - 10:41am | 333Investors don't have much confidence in Apple Inc.'s (NASDAQ: AAPL) future, at least according to UBS' Steven Milunovich. In a report published Wednesday, Milunovich stated that "little optionality" is priced into Apple's stock. Specifically, his residual income model...
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Expect 'Quiet' Jabil Circuit To Make Noise, Says UBS
Wednesday, September 21, 2016 - 12:57pm | 384UBS upgraded Jabil Circuit, Inc. (NYSE: JBL) to Buy from Neutral ahead of its Q4 earnings, expected after the bell. "We now have more confidence based on (1) earnings momentum bottoming, in part due to an upturn in Apple business, (2) an expected substantial jump in free cash flow to...
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What Everyone's Saying About The New Apple Watch
Thursday, September 8, 2016 - 4:13pm | 525Apple Inc. (NASDAQ: AAPL) presented its new smartwatch on Wednesday: the Apple Watch Series 2. The new device, Chief Operating Officer Jeff Williams said, offers a suite of novel features, including the possibility to contact emergency services instantly, the integration of Nintendo Co., Ltd (ADR...
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Apple's Devices Are Better, Not Different, And That's Okay
Thursday, September 8, 2016 - 8:30am | 345UBS says Apple Inc. (NASDAQ: AAPL)'s new devices are better, but not different, albeit huge investor expectations from the company. The iPhone 7 starts at $649 and the iPhone 7 Plus at $769 with a storage range of 32-256GB, doubling storage at all tiers including for the 6/6s. "...
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Apple Shares Rallying Since Q2 Beat; UBS Sees Return To Sales Growth In 2017
Thursday, August 4, 2016 - 2:42pm | 347Despite market fears about the implications of peaking iPhone sales, UBS believes that Apple Inc. (NASDAQ: AAPL)’s downside is limited in the near term and the stock could re-gain positive momentum headed into 2017. Analyst Steven Milunovich predicts Apple’s June quarter profit decline...
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Updated iPhone Demand Models Increase Steve Milunovich's Confidence In Apple
Wednesday, August 3, 2016 - 2:01pm | 315UBS analyst Steven Milunovich detailed in a note on Wednesday why he now has more confidence in Apple Inc. (NASDAQ: AAPL). Milunovich updated his iPhone demand model and continues to expect "moderate single-digit" unit growth in fiscal 2017 followed by a "strong gain close to 20...