Stock Update (NASDAQ:AAPL): Apple Inc. Watch Arrives in Seven More Countries June 26

Apple Inc. (NASDAQ:AAPL)  announced Apple Watch™ will be available in Italy, Mexico, Singapore, South Korea, Spain, Switzerland and Taiwan beginning Friday, June 26 from the Apple Online Store, Apple’s retail stores and select Apple Authorized Resellers.

“The response to Apple Watch has surpassed our expectations in every way, and we are thrilled to bring it to more customers around the world,” said Jeff Williams, Apple’s senior vice president of Operations. “We’re also making great progress with the backlog of Apple Watch orders, and we thank our customers for their patience. All orders placed through May, with the sole exception of Apple Watch 42 mm Space Black Stainless Steel with Space Black Link Bracelet, will ship to customers within two weeks. At that time, we’ll also begin selling some models in our Apple Retail Stores.”

Apple Watch, Apple’s most personal device yet, is an incredibly accurate timepiece, an intimate and immediate communication device and a groundbreaking health and fitness companion. Highly customizable for personal expression, Apple Watch also brings an entirely new way to receive information at a glance and interact with the world through third-party app experiences designed specifically for the wrist.

Apple Watch introduces revolutionary technologies including the Digital Crown™, an innovative way to scroll, zoom and navigate fluidly without obstructing the display. The Retina® display with Force Touch on Apple Watch senses the difference between a tap and a press, providing a new way to quickly and easily access relevant controls. The Taptic Engine™ discreetly delivers a gentle tap on your wrist whenever you receive a notification or message.

The world’s most vibrant and innovative developer community has already created thousands of apps for Apple Watch with new apps for customers to explore and discover every day. Apple Watch wearers can now order a taxi in Spain with MyTaxi, easily navigate the airport with the Genève Aéroport app, keep track of a Singapore Airlines flight, explore Italy with AroundMe, stay in touch with friends in South Korea with KakaoTalk, find the nearby YouBike station in Taiwan and access movie tickets with Cinepolis in Mexico. The Apple Watch app that comes with iOS 8.2 or later on iPhone® lets you browse, buy and download apps from the App Store℠ for Apple Watch.(Original Source)

Shares of Apple closed yesterday at $130.12 . AAPL has a 1-year high of $134.54 and a 1-year low of $89.65. The stock’s 50-day moving average is $128.43 and its 200-day moving average is $120.94.

On the ratings front, Apple has been the subject of a number of recent research reports. In a report released yesterday, Piper Jaffray analyst Gene Munster reiterated a Buy rating on AAPL, with a price target of $162, which represents a potential upside of 24.5% from where the stock is currently trading. Separately, on June 2, UBS’s Steven Milunovich reiterated a Buy rating on the stock and has a price target of $150.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Gene Munster and Steven Milunovich have a total average return of 27.0% and 6.8% respectively. Munster has a success rate of 70.7% and is ranked #1 out of 3610 analysts, while Milunovich has a success rate of 59.3% and is ranked #788.

The street is mostly Bullish on AAPL stock. Out of 41 analysts who cover the stock, 28 suggest a Buy rating , 11 suggest a Hold and 2 recommend to Sell the stock. The 12-month average price target assigned to the stock is $151.48, which represents a potential upside of 16.4% from where the stock is currently trading.


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