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iPhone 5 launch in China could show Apple stock is undervalued

by Nicole
December 18, 2012 at 8:32 pm

Sales of the iPhone 5 have helped analysts estimate that Apple’s shares are very positive.

Credit: Apple

Two prominent investment firms have seen the record release of the new iPhone in China as a sign that Apple shares are undervalued.

RBC Capital Markets said that news of the sale of two million iPhone 5 at its debut in China in its first weekend are seen as “a positive as the company continues to outpace the previous iPhone 4S launch,” estimating that there will be a good December quarter for the company.

Analysts at Wells Fargo agree with the prediction that Apple’s stock will soon be much more valuable.

Moreover, the experts at Wells Fargo believe that the China release of the iPhone 5 will ensure more than their projected 46 million iPhones in Q4 of 2012.

The company sees a possible drop after the Christmas season, but keeps its estimates, with a value of shares between $710 and $730.

Wells Fargo analysts see potential risks to Apple in the near future, with a possible slower growth due to competition, to disruptions suffered by the company based on their legal problems and bottlenecks in the supply chain.

The report focused attention on what they called “evolutionary versus revolutionary steps in innovation” as a possible cause for concern.

However, Wells Fargo maintained positive overall predictions for Apple, arguing that the iPhone 5 will become “the largest product cycle in consumer electronics’ history.”

They also called Apple’s brand, innovative DNA, and ecosystem “unmatched” in the industry, which will undoubtedly result in a continuation of Apple expanding in key markets.

Source: AppleInsider

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