Apple Inc. (NASDAQ:AAPL) Price Target Raised To $560, While Losing Grip On China’s Tablet Market (eFinanceHub)
Yesterday, Apple Inc. (NASDAQ:AAPL) shares surged by 0.26%, but UBS AG (ADR) (NYSE:UBS) looks the stock increasing to $560. In a note, analysts Steven Milunovich and Peter Christiansen have raised their price target to $560 from $500. The note also contains increase in their earnings estimates; they now anticipate that company will earn $44.65 per share in fiscal 2014, enhanced from an earlier estimate of $42.29, and anticipate EPS of $48.45 in fiscal 2015, increased from $45.80. They kept a Buy rating on the stock.
Apple’s Move to Refresh iPad Good Sign for QUAN (HispanicBusiness)
News of Apple Inc. (NASDAQ:AAPL) planning to refresh its iconic iPad before the end of the fiscal year is promising news for Quantum International Corp. (OTCBB:QUAN) as it continues development of its innovative lifestyle enhancement cases for the iPad. Apple reportedly plans to hit the holiday shopping market with refreshed versions of the iPad as well as the iPhone. Bloomberg reports that the new iPad will feature its first redesign since March 2012, including an overhaul of the company’s mobile operating system, iOS 7, which includes changes to e-mail, the calendar and other applications.
Insight: At Apple, Tim Cook leads a quiet cultural revolution (Reuters)
Shortly after signing on as chief operating officer at Facebook Inc (NASDAQ:FB), Sheryl Sandberg was looking to connect with people in a similar role – No. 2 to a brilliant and passionate young founder. She called Tim Cook. “He basically explained nicely that my job was to do the things that Mark (Zuckerberg) did not want to focus on as much,” Sandberg said of the 2007 meeting that lasted several hours with the chief operating officer of Apple Inc. (NASDAQ:AAPL). “That was his job with Steve (Jobs). And he explained that the job would change over time and I should be prepared for that.”
Apple hires Levi’s senior vice president as part of retail team (MacWorld)
Apple is believed to have hired Enrique Atienza, a former Levi Strauss senior vice president, as part of its retail team. Atienza’s LinkedIn Corp (NYSE:LNKD) profile and Facebook Inc (NASDAQ:FB) page suggest that he has been working at Apple since July, in an undisclosed “Apple Retail” position. Apple is still on the hunt for a new head of retail following the dismissal of former retail boss John Browett, so this new hiring could hint that the company is making progress with its search. 9To5Mac claims that sources “with knowledge of the hire” have said that, while already signed on with Apple, Atienza is to officially become “a top director for its US retail market” in October.