Big-name analysts seemed satisfied with what they saw and heard during Apple’s launch of the iPhone 6, Apple Watch and Apple Pay, reports Forbes. Summarising investor notes from a dozen major companies, Chuck Jones found the general feeling was that Apple had delivered what was expected.
The overall average of AAPL stock price targets was $109, against the current price of just over $100. Analysts pointed to a range of factors in forming their views, among them … Better than anticipated iPhone 6 availability (against rumors of the larger model going on sale later) iPhone 6 and 6 Plus are priced right iPhone 6 Plus cannibalising iPad mini sales would be good for margins (more profit on the phone) iPhone likely to continue to grow in the key Chinese market Significant (but not amazing) iWatch sales next year, estimates ranging from 10M to 37M Apple Watch pricing (and thus margins) likely to be higher than anticipated Apple Watch just the starting-point for Apple’s future in wearables Apple Pay (in particular), HealthKit and WatchKit all make the Apple ecosystem more appealing to consumers The big unknown, says Jones, is iWatch pricing: “there are multiple price points and we only know the $349 entry model....