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U.S. Week Ahead: Apple boss Cook could unveil new iPhones

Friday, June 07, 2013 - 02:21

June 7 - Analysts at ISI say Apple CEO Tim Cook could surprise with a low-cost iPhone and an iPhone 5 upgrade at the company's developers conference on Monday.

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Apple investors are hoping CEO Tim Cook will unveil new game changing products that the company developer conference on Monday. Apple shares certainly need the boost it contains nearly 40% since hitting an all time high at 705. Dollars in late September. Analyst at I S I say apple could surprise what the low cost I found. And an iPhone 5 upgrade they would be a stopgap measure while the company worked on a larger I -- -- six to compete with the galaxy. The new model could be released in the next nine months. Don't forget apple makes over half of its profits from the iPhone apple is also expected to officially announced its I radio's streaming music service. JPMorgan CEO Jamie diamond -- investors on Tuesday in his first public appearance after a failed vote to strip him of his chairman title. We should find out how the recent turmoil in the markets has hit JPM over the last three months analysts have grown more pessimistic about the big revenue for the second quarter. Estimates have dropped by 2% to 24 point seven billion dollars. Investors get key sales updates from Yum! Brands and McDonald this week. For McDonald analyst at Lazard capital management -- expect a modest recovery in me -- -- more advertising and focus on value. Still sales are unlikely to beat the street's estimates McDonald's shares are up only nine per cent in the last year severely underperforming the -- As for young the focus will be on China its shares have -- 7% in the last two days on reports if the has managed to cut its sales decline. From about forty to 20%. In me. Analysts at Bank of America and Ireland say the final numbers -- surprise to the upside only falling 10%. And the -- -- is expected to put the debacle and it's see their pants behind it which the company reports earnings on Monday. Its stock has jumped some 30% since the recall and is treating your all time high. Concern the incident could cost Lulu -- forty million dollars has speeded. Some analysts are expecting the company to beat earnings estimate and increase its profit guidance for the year. Follow us on Twitter at Richard Snyder get more of our video that Reuters dot com slot -- TV time that you mom is greater.

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U.S. Week Ahead: Apple boss Cook could unveil new iPhones

Friday, June 07, 2013 - 02:21