Analysts raise AAPL target price in response to Black Friday shopping

Image: businessinsider.com

Image: businessinsider.com

Both Deutsche Bank and Global Equities Research have raised their target price for AAPL – the price they expect the stock to achieve – in response to spot checks of Apple sales on Black Friday, reports Fortune.

After spot-checking Black Friday weekend sales, Deutsche Bank’s Chris Whitmore raised his price target to $625 from $575. “We have become significantly more confident in our near-term estimates for Apple” [...]

Global Equities Research’s Trip Chowdhry raised his price target to a Street-high $800 after visiting nine Apple Stores and five Targets and talking to “no less than 300 people.”

Anyone planning to invest on the basis of these numbers might want to dig a little deeper, however …  Read more

Best Buy & Walmart Black Friday ads bring the year’s best Apple deals

From 9to5Toys.com:

Yesterday it was Target. Today the Best Buy and Walmart Black Friday / Thanksgiving deal advertisements are now official. Both ads feature heavy discounting on iPads, iTunes cards, iPods, Macs, and more. The most impressive deals at Walmart include an iPad mini for $299 with a free $100 gift card, and free gift card offers with the purchase of an iPhone 5c/5c. Best Buy offers up to $200 off a new Mac laptop, 15% off iTunes cards, and an Apple TV for $85.

While we haven’t seen Apple’s Black Friday deals for this year, it’s pretty safe to assume they won’t stray too far from the ‘education pricing for all’ strategy implemented at preceding Black Friday promotions.

Head over to 9to5toys for complete coverage of these ads and all others that have leaked thus far as well as best deals as they happen. Read more

In company-wide email, Apple CEO Tim Cook applauds awe-inspiring work of employees, gives Thanksgiving week off

Tim-Cook-WWDC-02

Following the launch of two new iPhone models and iOS 7 earlier this month, Tim Cook today emailed Apple employees thanking them for working tirelessly on the new products and rewarding them with extra, paid time off for the upcoming Thanksgiving holidays.

I realize many of you worked tirelessly to bring us this far. I know it required great personal sacrifice…In recognition of your incredible efforts and achievements, I’m happy to announce that we’re extending the Thanksgiving holiday this year.

Cook announced that Apple will shut down on November 25, 26, and 27 so employees can have the entire week off for the holiday. Retail and AppleCare employees will continue to work on those days to serve customers, but they’ll get the additional, paid time off at a later date along with international employees.

And I am proud to tell you that Apple is also a force for good in our world beyond our products. Whether it’s improving working conditions or the environment, standing up for human rights, helping eliminate AIDS, or reinventing education, Apple is making a substantial contribution to society.

None of this would have been possible without you. Our most important resource is not our money, our intellectual property, or any capital asset. Our most important resource — our soul — is our people.

In addition to announcing the additional time off, Cook noted that he visited Apple retail stores during the launch of the iPhone, and also thanked employees for the “substantial contributions” Apple has made to charitable causes.

Cook’s full letter to employees is below: Read more

Black Friday Mac & iOS deals, Amazon Mobile, Street Fighter X Tekken, HSN Holiday Gift Store, Fab.com, more

News:

Black Friday iOS deals: A ton of app developers are offering app deals to celebrate Black Friday and Thanksgiving. 9to5Toys.com has an updating list of Mac and iOS deals being offered. Some of the deals on offer: BioShock 2 for $11.99, Call of Duty 4 for $7.99, and the just updated Street Fighter X Tekken for 99 cents.

GTA Vice City 10th Anniversary: We already knew it was coming soon, but today Rockstar confirmed the 10th anniversary edition of Vice City will hit the App Store on December 6th for $4.99. (via Polygon)

Updates:

Amazon Mobile version 2.3.1: A nice update for the Amazon Mobile app today, just in time for the holiday shopping season, brings the ability to receive push notifications on iPhone, iPod, and iPad when packages are shipped and delivered. You can also enable a daily notification for lightning deals. Also, iPad users can now “pinch (or double tap) to zoom in on product images and see more details.”

· Stay up to date on where your holiday gifts and packages are with delivery alerts. Turn on push notifications to get alerts on when your package ships from Amazon and when it’s delivered. Plus get a daily notification for lightning deals.
· Pinch (or double tap) to zoom in on product images and see more details.(iPad only)
· Bug fixes and performance improvements.

Street Fighter X Tekken Mobile: Capcom’s Street Fighter X Tekken (on sale for 99 cents, below), is getting two new characters today (pictured above), as well as enhancements to fine tune the game balance and improve Wi-Fi matches:

Changes:
- Two new characters have been added.
- The game balance has been fine tuned.
- Wi-fi matches now play better.

HSN for iPad version 5.0.3: HSN’s app has been updated with a new holiday gift store and deals: Read more