What the Apple Watch Means For Mutual Fund Investors (AAPL)

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What the Apple Watch Means For Mutual Fund Investors (AAPL)

Shauna O'Brien Mar 10, 2015



Inside the Apple Event


  • The Apple TV – The company did not unveil the product, but did announce that the box will be priced at $69. Apple also announced that Apple TV users will be able to access HBO’s $15 per month service before its available to the public.
  • Macbook – The company’s new Macbook will be available in April and will start at $1,299.
  • Apple Watch – The watch will start at $349 and will be available in April.


Analyst Comments Are Pouring In


  • Citigroup raised its price target to $145, as the price of the watch was higher than expected.
  • Nomura raised estimates though 2017 due to the watch price. The firm has a $129 price target on Apple.
  • Cantor Fitzgerald said that this event was the “most important product event for Apple” since the iPad in 2010. The firm has a $160 price target on Apple.
  • Stifel Nicolaus maintained its estimate of 11.8 million units sold. The firm has a $150 price target on Apple.

It has been an exciting few days for Apple; last Friday, the tech giant was added to the Dow 30, and on Monday the highly anticipated watch was launched.


Mutual Funds to Watch



The Bottom Line


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