Apple Recap: Surprising Price Target Cuts, Shifting Priorities, Happy at Home

Here’s a look at everything important swirling around Apple’s world:


Apple (NASDAQ:AAPL) shares recouped early losses on Tuesday, rising just under 1 percent on the day to close at $504.77, in anticipation of its earnings release after hours on Wednesday. Reports from analysts were slightly conflicting on the day, so here is a cheat sheet to the top stories related to the company:

What are you doing with Apple’s stock before earnings? Discover your answer in our Ultimate Cheat Sheet to Apple’s Stock. Click here now to get your SPECIAL REPORT before earnings are reported.

Happy at Home

Apple may have gotten a string of bad news about its products recently, but according to a new survey, its iOS platform continues to be the market leader in the U.S. and is stealing users away from rivals Google (NASDAQ:GOOG) and Research In Motion (NASDAQ:RIMM). According to Kantar Worldpanel ComTech data, Apple’s iOS accounted for 51.2 percent of all U.S. smartphone sales for the 12-week period ending December 23, 2012. This represented a growth of more than 7 percent from the 44.9 percent over the same period in 2011. Meanwhile, Android’s share fell from 44.8 percent in 2011 to 44.2 percent, while RIM suffered an even bigger decline — falling from 6.1 percent of smartphone sales to 1.1 percent.

According to the research firm, Apple’s strategy of annual iPhone upgrades alongside price cuts for its previous-generation versions contribute to its growth and help it extend its reach to low-tier markets. (Read more)

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!