Apple Analysts Still Optimistic as Supply Problems Alleviate
MINYANVILLE ORIGINAL Despite the recent decline in Apple's (NASDAQ:AAPL) stock price many analysts remain confident in the stock’s ability to break above its all-time high closing price of $702.10 in September. Worries about the recent management change and concerns about supply chain problems have caused the stock to drop more than 20%. However the supply chain problems seem to have begun subsiding keeping analysts optimistic. AppleInsider reported today that Piper Jaffray analyst Gene Munster has conducted nightly inventory checks at 100 Apple stores. Severe supply constraints reduced the availability of the iPhone for all three major US carriers but ...
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