Apple Recap: Analysts Say Rumored Products Will Boost Stock
Tuesday is Apple’s (NASDAQ:AAPL) special event. Even though the company is notoriously secretive when it comes to its future products, investors and analysts expect the festivities will bring several new iPhones — the low-cost iPhone 5C and the iPhone 5S — and perhaps even a new version of Apple TV. On Monday, ahead of the event, shares of the technology giant closed up $7.94, or 1.60 percent, at $506.17. Here’s a cheat sheet to today’s top Apple stories:
Munster: Apple’s iOS and New Products Will Boost Stock
A new research note from Piper Jaffray’s Gene Munster revealed that Apple’s iOS continues to account for the majority of mobile Internet traffic in the U.S. Using data from Quantcast’s media measurement service, Munster determined that Apple’s mobile operating system grew its market share from 60.6 percent in the last week of June to 65 percent in the last week of August.
“We see stability in iOS mobile traffic share as evidence that U.S. iPhone & iPad demand/usage remains strong despite the iPhone and iPad lineup nearing end of life,” noted the analyst. Apple’s last mobile product releases were the fourth-generation iPad and iPad mini in November 2012… (Read more.)