Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways: Apple's Latest Innovation - Affordability?

By

Strengthen your portfolio in good times and bad.

PrintPRINT

An analyst at Sanford Bernstein predicts Apple (AAPL) will soon announce a new version of the iPhone in an effort to boost sales and reach more cost-conscious consumers.

Reuters reports Bernstein analyst Toni Sacconaghi said at a New York technology conference today that an announcement could come as soon as a few weeks. Sacconaghi also suggested a prepaid payment system could be in the works.

The analyst also expects Apple to offer the iPhone sans data plan. Currently, this is a prerequisite at an additional cost of $30 a month.

Shares of Apple rose 3.4% today to $126.50.

From the Bull Pen: Props to Professor Jeff Cooper for mentioning last week the stock could tag $120 and then be on its way to the 125 strike. If buying the dip continues to be the strategy, one might consider using the ol' trailing stop technique 2% below entry.

From the Bear Cave: A nearly 90% up day on the NYSE, but AT&T (T) can barely muster any strength. Bears pressing the downside can set a buy stop above $25.50.

See you tomorrow, Minyans! Have a great night!

Actionable ideas, instant analysis. Real-time from bell to bell.
Minyanville's Buzz & Banter - 14 day FREE trial

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE