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Apple stock could see upside, but also faces risks, UBS analyst Steve Milunovich says.
Asian shares gained on Wednesday as solid euro zone data helped sentiment, while the prospect of a dovish new governor for the Bank of Japan sent the country's stocks surging.
Wall Street's love affair with Apple is clearly waning as the stock swoons, but some Apple analysts are just waiting for new reasons to love the stock again.
Apple and Samsung remain the talk of the tech world as the titans battle for mobile supremacy. TheStreet.com reports.
Asian shares ended mixed on Friday, dragged lower by a drop in regional technology stocks, although gains in Australia and Japan contained overall losses for equities.
Asian shares were mixed on Thursday after manufacturing data from China confirmed a recovery was on track, easing nervousness caused by a sharp drop in Apple shares.
Apple rally even if it posts a quarterly loss, Enis Taner of RiskReversal.com says.
We sit here puzzled every day about how Nokia or Hewlett-Packard or Best Buy or Research In Motion could go up over and over again on such little news. To Jim Cramer, though, that's not the right observation.
Japanese shares surged to multi-year highs on Tuesday on rising expectations that strong political pressure will prompt the Bank of Japan to deliver bold monetary easing measures. Meanwhile, other Asian stock markets struggled as gains were capped on earnings caution.
Some of the names on the move ahead of the open.
Apple's Chief Executive Tim Cook met with China Mobile's Chairman Xi Guohua to discuss "matters of cooperation," a China Mobile spokesman said.
Apple's Chief Executive Tim Cook is meeting with partners and government officials in China on his second visit in less than a year.
Asian stocks drifted on Monday as investors booked profits from a New Year rally that had pushed markets to multi-month highs, but financial stocks gained after global regulators decided to relax draft plans for tough new bank liquidity rules.
Block deals hit a record $57.3 billion this year as they become the mainstay of Asian investment banks, bringing relief to IPO-starved equity capital markets (ECM) bankers in the region.
A record month of redemption from equity mutual funds invested in Southeast Asia suggests a boom in these markets could be over as money managers look elsewhere for value with their sights set on China and India.
Apple has sold more than two million iPhone 5 smartphones in China in the first weekend since the phone's launch on Friday.
Apple said it sold more than 2 million of its new iPhone 5 in China during the three days after its launch.
As Apple's shares continued to slide, a buying opportunity may present itself soon, OptionMonster's Pete Najarian says.
Apple launched its iPhone 5 in China, even as its ranking in the world's largest smartphone market has slipped in the face of competition from cheaper rivals.
Asian shares were mixed on Friday with a pick-up in China's manufacturing sector lending support but worries over the progress of U.S. budget talks to avert the "fiscal cliff" weighing on investor sentiment.