Computer and mobile device maker Apple Inc. (AAPL) on Monday received some tepid commentary from analysts at William Blair. The firm maintained its “Outperform” rating on AAPL but lowered its earnings estimates for the company through 2013. William Blair noted it made the move amid supply constraints for its flagship new phone, the iPhone 5. [...]
Computer and mobile device maker Apple Inc. (AAPL) on Monday received some tepid commentary from analysts at William Blair.
The firm maintained its “Outperform” rating on AAPL but lowered its earnings estimates for the company through 2013. William Blair noted it made the move amid supply constraints for its flagship new phone, the iPhone 5.
Since hitting all-time highs on September 21, the day the iPhone 5 was launched, AAPL shares have pulled back more than 10%. Still, AAPL is up over 55% year-to-date. The stock posted small gains in premarket trading Monday.
The Bottom Line
Shares of Apple (AAPL) have a 1.68% dividend yield, based on Friday’s closing stock price of $629.71. The stock has technical support in the $600-$610 price area. If the shares can firm up, we see overhead resistance around the $636-$656 price levels.
Apple Inc. (AAPL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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