Techquity: Apple's China challenges and stock's value
Wednesday, March 27, 2013 - 02:56
Mar 27 - Apple products and policies come under scrutiny in China while analysts see short-term weakness but longer term upside for firm and its shares.
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Making the case for apple as a value stock. Pacific crest has cut its estimates for apple for the first three months of this year he sees weaker sales of the more profitable full sized as sales moved to the many. Plus it also has concerns about demand for the iPhone but longer term the brokerage is a little bit more positive. Saying we quote you Apple's risk or profile as reasonably attractive for investors with well or return requirements. So maybe forget the go go days of the recent past and except a slow and steady climb from here. Pacific crest estimates its twelve month -- between 425. Dollars and 520. So there's a little that a downside but mediate a lot of upside from here. Broker -- BN also cutting estimates for the iPhone and iPad in near term but still sticking with its price target 650 bucks. Moves are coming as apple has come under criticism by China's state media for its warranty policy. Cctv saying apple would be punished if it did not Alter its policy on only offering one year warranties for MacBook Air computers. However Chinese Internet users went to social media sites to defend the company which is now facing in other legal battle. Chinese company has also taken the tech giant court claiming apple copied its software used for Siri digital system. Shares of apple are down nearly 2% today around 450 bucks. Credit Suisse says enhanced campaigns -- enhanced Google. Search giant is implementing a new advertising program by late June called enhanced campaigns. This is designed to help marketers more effectively target and track users whether there on desktops or on mobile devices. Credit Suisse thinks the effort will help who raised rates on what it calls. Already overly discounted ads on tablets so what is lift the price target for 847. To 982. Bucks. But Google shares are down about 1% today near 800. Credit Suisse also thinks the new -- program could give publishers a reason to improve their mobile web site's overall. That it says could kind of the growth of apps which take mobile users away from the web and all of the -- that -- places. It's -- -- time. Our look at the movers first you've got an upgrade. Barclays boosting AOL stock from equal weight overweight and raising its target price from 3844. Bucks. The research firm expects better results compared to Wall Street estimates. Shares there up 8%. Sputtering is log me in. The remote access software maker said it won a patent infringement lawsuit but analysts are still concerned over the company's -- execution. Seeing growth could be -- through 2013. Shares are down almost 12%. That's to protect would be this Wednesday remember you can follow us on Twitter at RT artists equity on John Marino. Is sports.
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