Radar Movers: Apple Finishes at $500, GE and RIM Climb Higher

  Google+  Twitter | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Shares of Apple (NASDAQ:AAPL) closed the day slightly in the red at $500. Despite the recent struggles, Wells Fargo analyst Maynard Um believes the stock will regain momentum this summer once the company launches a new iPhone. According to Um, Apple will continue the trend of having a very similar next model — like the iPhone 4 and iPhone 4S — with the use of shared components in the two versions boosting gross margins. With the launch of the “iPhone 5S,” Apple’s current “black ice” will “thaw through summer,” Um wrote in a research note, according to AppleInsider.


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business