Apple Recap: iPhone in Demand, A Rating Cut, FaceTime Fun For All
Apple’s (NASDAQ:AAPL) surprisingly solid gains on Wednesday helped the Nasdaq and the rest of the tech sector despite drags from Google (NASDAQ:GOOG) and Dell (NASDAQ:DELL). Apple bounced 4.2 percent up to close at $506.09, reversing losses from the last two days and heading back into the $500 zone after dropping under on Tuesday. Here is a cheat sheet to the top stories that moved the stock on the day:
People Want More iPhones
A ChangeWave Research survey in North America found that 1 in 2 smartphone shoppers planned on buying an iPhone in the next 90 days. This was down from the overwhelming 71 percent figure last quarter, but that standout result came when the excitement for the then-newly launched iPhone 5 was at it peak. “Historically speaking, it’s a solid showing for Apple,” the research firm said, and it equals the level of demand for the device from last summer. Also, 70 percent of iPhone users were happy with their phone. About 56 percent of Nokia (NYSE:NOK) users said they were satisfied, a little higher than the 55 percent figure for Samsung… (Read more)
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