Apple Issues A Samsung Hit List, As Their Stock Continues To Climb
August 27, 2012
Apple's stock is trading at near record levels on the first business day following a jury's decision to award the company $1 billion in damages from Samsung. Shares of Apple are going for nearly $677 after hitting an intraday high of $680.87 earlier.
Late last week, Cupertino was awarded damages in their epic patent infringement case against the South Korean company. Because of this, investment professionals have upgraded their Apple stock forecasts.
For example, Oppenheimer has now set Apple's stock target at $800, up from $680 earlier this year, while Needham & Company suggested a price target of $750.
Meanwhile, Apple has indicated which Samsung devices they hope will soon be pulled from the U.S. market thanks to the ruling.
According to The Verge, these include the:
Apple's share price could continue to climb in the weeks ahead as they get set to launch the new iPhone, which is likely to be unveiled on Sept. 12.
- Galaxy S 4G
- Galaxy S2 (AT&T)
- Galaxy S2 (Skyrocket)
- Galaxy S2 (T-Mobile)
- Galaxy S2 Epic 4G
- Galaxy S Showcase
- Droid Charge
- Galaxy Prevail
