Apple Stock Nabs Price-Target Hike On Rising iPhone Prices
Summary
XBernstein analyst Toni Sacconaghi upped his price target on Apple ( AAPL ) to 225 from 200, but reiterated his market perform rating based on valuation.Speaking at a conference in Brussels on Wednesday, Apple Chief Executive Tim Cook called for a European-style federal data privacy law in the U.S.Cook said modern technology has resulted in a "data industrial complex" where personal information is "weaponized against us with military efficiency," negatively impacting individuals and society as a whole, Engadget reported." He urged the rest of the world to follow Europes lead with its recently enacted General Data Protection Rules.Apples rumored streaming video service will launch in the first half of next year, according to a report Tuesday by the Information .
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