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Technology Stocks : Apple Inc.

AAPL 262.22

-1.9%

Jan 6 3:59 PM EST

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From: Moonray	5/11/2016 9:44:33 AM
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Apple attracting many fewer first time smartphone buyers, says Bernstein Bernstein says that many fewer first time smartphone buyers are purchasing Apple's iPhones than in previous years, reflecting the saturation of the smartphone market. However, the firm expects the iPhone installed base to grow about 14% in fiscal 2017. As a result, it believes that iPhone shipments will be "healthy" in fiscal 2017 if the percentage of iPhone owners who choose to upgrade their devices does not decline further. Bernstein keeps a $135 price target and Outperform rating on Apple. o~~~ O

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