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Apple Inc. (AAPL) Can Still See a Price of $123 Soon, Even With Bendgate Rising Awareness

Apple Inc. (NASDAQ:AAPL)’s price got hit hard and seems to be heading towards the ground. The company sells at about $99.5, up by 2% for today, after it fell some 4% yesterday. Consumers discovered unwanted bending features in the new models of iPhone, which also are prone to some Operating System failures like the inability to use Touch ID and breaches in cellular connection, according to TheStreet. It’s not a killing blow, but some time must pass for the contusion to heal off.

Apple AAPL iphone-4

“The problems appeared only for AT&T users with the iPhone 6 or the iPhone 6 Plus. It comes on the heels of reports this week that the iPhone 6 Plus was being bent when people sat down with the phone in their pockets being dubbed ‘Bendgate’,” said Brittany Umar.

Apple Inc. (NASDAQ:AAPL) posted on its website a workaround for the ones affected by either of the issues. The new version of iOS that will appear soon, according to the company’s officials, will have resolved the bugs.  

Apple Inc. (NASDAQ:AAPL) enjoyed some other stories that tripped the company’s price and there’s obviously a lot of attention drawn towards the tech titan, which’s every step is carefully examined and criticized accordingly. Analysts see this new series of events as an opportunity to buy the stock at a low spot and attain some easy gains.

“We believe this concern offers investors an opportunity to take advantage of this media-hyped situation and participate in what we believe is the next super cycle for Apple,” Cantor Fitzgerald analyst Brian White was quoted as saying.

Mr. White has a price target for Apple Inc. (NASDAQ:AAPL)’s shares of $123, which means a boost of almost 25% in value for the company in the near future. It’s not walking on a thin line, but Apple Inc. (NASDAQ:AAPL)’s prospects might narrow dramatically if other flaws will be depicted.

Disclosure: none

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