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Wednesday, May 30, 2012

Apple Inc. (NASDAQ:AAPL) Rallies As Investors Gain Confidence On Iphone5 Launch - Retirement Planning

Apple Inc. (NASDAQ:AAPL) Rallies As Investors Gain Confidence On Iphone5 Launch

Apple Inc. (NASDAQ:AAPL) continued its upward rally on the second consecutive day with investors getting more confident on the new iPhone5 launch anticipated in October this year.

After a research note released by analysts at Piper Jaffary stating that the earnings of Apple Inc from the new product which has been put under review, will under the worst case scenario also get just delayed till next year’s March ending period.

The analyst provided that the Apple may not be able to achieve its target order volume due to a recently reported shortage of 28 nm baseband radio chip at Qualcomm but it would just get postponed by a quarter or two resulting in a postponement of the revenue realized from this product to a later period.

On the other hand, analyst at Goldman Sachs took a deeper look at the subsidy issue, and the broker said it does not expect U.S. carriers “to make any material changes to retail prices for leading smartphones,” since the market has four major carriers all pushing hard to grow their smartphone businesses.

Matt Hoffman at Cowen & Co. had a similar view, though he expects the iPhone 5 to launch in the September quarter, citing data from his meetings at the recent CTIA wireless convention. He believes the new iPhone will feature a larger screen. We believe the iPhone 5 will represent the biggest consumer electronics product launch of 2012 as well as the biggest device upgrade cycle in smartphone history.”

It was again a technology ticker day with stocks in the sector up for the second straight trading day thereby lifting the Nasdaq Compsoite Index almost 0.03%. Oracle Corp. was up 0.23%, Cisco Systems Inc. was up 0.31%, Qualcomm Inc. was up 0.75% and Dell Inc was up 0.14%.

Shares of Apple Inc. (NASDAQ:AAPL) was up 0.17% to $562.23 trading at a volume of 11.66 million shares as opposed to its average trading volume of 23.76 million shares.

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