…a third possibility, something much worse.”
Somersby’s cider takes a bite of Apple (Financial Times)
Cider is made of apples so it seems fitting that Somersby, the cider brand produced by Danish brewer Carlsberg, taps up the tech company Apple for an ad that is delighting viewers on YouTube. In a play on the queues of Apple fanboys that form outside the tech company’s stores, the ad shows lines of more homely types piling into an austere, Apple-style store.
German court says nein to Apple’s slide-to-unlock patent (The Register)
Apple Inc. (NASDAQ:AAPL)’s slide-to-unlock patent has been ruled invalid by a German court because it’s not really a “technological innovation” in the eyes of European patent law. The Bundespatentgericht (federal patent court) in Munich ruled that the famous patent is invalid because European law doesn’t allow for the patenting of software that doesn’t represent a “technical solution to a technical problem”, the Frankfurter Allgemeine (translated with the help of Google) reported.
Apple IPhone Estimate Raised at Canaccord on Old Model Sales (Bloomberg)
Apple Inc. (AAPL)’s iPhone sales topped some estimates in the fiscal second quarter amid strong demand for older models, according to Canaccord Genuity Inc., which raised its projection by 7.2 percent to 37 million units. For the fiscal third quarter, which ends in June, Apple will probably sell 27 million iPhones, up from a prior projection of 25 million, Michael Walkley, an analyst at Canaccord Genuity, wrote in a research report.
Apple Inc. (AAPL) and 10 Tech Stocks Analysts are Recommending (Insider Monkey)
We discussed how the widest gap between the mean target price per analyst consensus and actual stock price was at 44% for Apple Inc. (NASDAQ:AAPL), which was more than the gap for technology giants like Microsoft Corporation (NASDAQ:MSFT) or Google Inc (NASDAQ:GOOG), for example. Well, things haven’t changed much since then and, in spite of a weaker undertone, Apple is still one of the most widely covered stocks on Wall Street, who are still giving exuberant target prices for the company.With targets between $360 and $888, the average target price comes to $591.19, which is still about 40% higher than its present market price.
Apple Rakes in the Most Mobile App Revenue: Study (CNBC)
Apple Inc. (NASDAQ:AAPL)’s iPhone may not be the most dominant smartphone worldwide, but the tech giant is killing its competitors when it comes to mobile app revenue, according to a recent study. In the first quarter, the iPhone maker accounted for 74 percent of the total revenue generated by the four leading app stores—which also include Google Play store, Microsoft’s Windows Phone store and BlackBerry World, according to the study by the analyst firm Canalys.
