Wells Fargo to resume coverage of Apple with an Outperform rating
major makeover for Apple's iconic smartphone with a larger screen, a form factor redesign and LTE connectivity. He sees the launch boosted by faster than usual carrier rollouts of the phone and a buzz about the handset being one of the last products that the late Steve Jobs had a hand in designing.
Wells Fargo sees further unit growth for the iPhone which is important considering that the device accounted for 43% of Apple's revenue and 56% of its gross profit last year. There are some risks, according to the bank. Competition or low demand could lead to the drop in the average selling price of the Apple iPhone, or growth could slow due to tougher comparisons with last year's strong numbers. Other risks include a weaker economy, shortages of parts, higher expenses and its numerous legal disputes.
17. good2great (Posts: 1035; Member since: 22 Feb 2012)
lol... its funny that some one can make a positive comment on an article and get thumbed down...
this should be screen captured and filed for future proof that its anti-apple people that hate you "not for what you say" but because you support something they dont...
hahaha... they hate you bro
20. gallitoking (Posts: 4630; Member since: 17 May 2011)
I know they hate me thats why I dont believe in thumbs up or down.. is mostly popularity here..
2. mas11 (Posts: 1017; Member since: 30 Mar 2012)
Exhibit 12 shows just how overpriced the iPhone is.
3. eli_waeterling (Posts: 21; Member since: 07 Jun 2009)
Exhibit 11 and 12, what do they mean by "Portables?"
5. bayusuputra (Posts: 941; Member since: 12 Feb 2012)
"We believe Apple's combination of brand, innovation, and ecosystem are unmatched"
6. mas11 (Posts: 1017; Member since: 30 Mar 2012)
Where is the innovation? I think brand is the main reason Apple makes so much $$$.
8. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
Thanks to Apple's innovation you have android
11. Mitchel (Posts: 228; Member since: 25 May 2012)
Thanks to Motorola's innovation, you have iPhone.
16. mas11 (Posts: 1017; Member since: 30 Mar 2012)
Yep without Motorola there wouldn't be any cell phones at all. Heck Apple even steals from Motorola so let me repeat, what innovation? http://www.phonearena.com/news
7. AppleConspiracy (Posts: 627; Member since: 18 Oct 2011)
So much energy has been accumulated around next iPhone expectations that this will surely be the biggest and greatest opening in the history of human kind and Apple will become the most valuable company in history.
Milions of people will go on streets to wait for their iConic phone, but only God knows that they should be on streets, making Revolution against capitalism. But they are not interested in that. Those are not humans anymore, but robots. This will mark the End of History.
10. roscuthiii (Posts: 1720; Member since: 18 Jul 2010)
You mean the Wells Fargo that needed the biggest bailout from the government, $25B?
Yeah, they're they guys I want to listen to about finances...
12. beardown (Posts: 4; Member since: 26 Jan 2010)
Actually - WF did not need it at all they were more forced to take the bailout as the gov't
14. TheRetroReplay (Posts: 239; Member since: 20 Mar 2012)
It's amazing how Apple can get such praise when they release the same under powered product every year while the competition flies past them.
15. good2great (Posts: 1035; Member since: 22 Feb 2012)
the definition of POWER sir...
we can hate them all day... but reality is... apple is BOSS
19. GENARAL-LEVY (banned) (Posts: 34; Member since: 19 Jun 2012)
We feel sorry for all those brainwashed innocent civilians. ...
Which the eyes of truth, created those unwise rejects. Which made
Apple what it is today.!!!!