Apple’s quarter in December better than average: Cantor

NEW YORK (MarketWatch) — Cantor Fitzgerald on Friday said its latest checks of a basket of Apple Inc. AAPL, -0.70% suppliers in Taiwan indicate a better-than-average performance in December. “December came in stronger than historical seasonality, while the December quarter also exceeded historical averages for this basket of Apple suppliers in Taiwan,” analyst Brian White wrote in a note. Cantor continues to view Apple as in the early stages of a “super cycle,” he said. Data about the competitive landscape collected at this week’s Consumer Electrics Show in Las Vegas and buzz about the coming Apple Watch has bolstered that view, he said. Apple shares were trading down 0.7% in midmorning trade. – MarketWatch Breaking News Bulletins

Pin It

Comments are closed.