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Apple’s Multiple Contracts Despite Product Expansion

Apple Inc. (NASDAQ:AAPL) shares have been battered and bruised since the second half of July as investors worry about far-reaching problems like China and also the company's ability to continue its growth trend. However, analysts from most firms tend to agree that the worries about Apple are overblown.

Correction an attractive entry point

Drexel Hamilton analyst Brian White, formerly of Cantor Fitzgerald, has initiated coverage of Apple at his new firm with a Buy rating and $200 per share price target. He said the recent correction in Apple shares offers a chance for investors to get in on the stock because he thinks this is just a temporary thing.

In addition to concerns about China and whether consumers there will keep shelling out high premiums for Apple products, Wall Street is also worrying about whether the iPhone 6S and iPhone 6S Plus will be able to stand up to last year's iPhone 6 line amid difficult year over year comparisons. White sees the China worries as overblown, the iPhone concerns as short-sighted, and investor appreciation for what he says is a...


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