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The iPhone Wants Your Money
A survey has found that iPhone users have the highest carrier bills among all smartphone platforms, with 59 percent spending more than $100 per month. About 53 percent of Google (NASDAQ:GOOG) Android users, 40 percent of Research In Motion (NASDAQ:RIMM) BlackBerry users, and 56 percent of Microsoft (NASDAQ:MSFT) Windows Phone users spend upward of that amount. The study, done by Consumer Intelligence Research Partners, also found that a total of 10 percent of polled iPhone users spend more than $200 per month with their carrier, compared to 7 percent of Android users. Just 6 percent iPhone users spend $50 or less and none spend less than $25… (Read more)
Setting A Target
Apple may have become less exciting as a company and more range bound as a stock, but the current valuation suggests that its diminished prospects are fully priced in, Weeden & Co analyst Michael Purves said. In short, the company’s share price, which has succumbed to gravity over the past few months, was on it way up. Purves suggested a 14 percent move up to $520 by April 20. “We think a move higher will be driven more by a reappraisal of the stock at the current valuation and the technical support/rebound than by an event per se and thus not a major volatility event,” Purves wrote in an analysis. The stock was also clearly oversold, he said. (Read more)
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