Sunday, July 1, 2012

Apple’s New iPhones: The Early Street Reacton Boosts AAPL, VZ

I’ll have some more detailed analysis shortly on the WSJ report that Apple (AAPL) has two new iPhones in the works – including one that would target CDMA carriers like Verizon Wireless (VZ, VOD) and Sprint (S) – but I wanted to give you a quick look at the early Street reaction to the news:

Winners:

  • Apple is up $4.31, or 1.9%, to $236.70
  • Verizon is up 68 cents, or 2.2%, to $31.13.
  • Vodafone (which owns 45% of Verizon Wireless) is up 14 cents, or 0.6%, to $23.14.
  • Sprint is up 2 cents, at $3.81.
  • Qualcomm (QCOM), which makes CDMA chips, is up 44 cents, or 1%, to $42.20.

Losers:

  • AT&T (T) is down 23 cents, or 0.9%, to $26.28.
  • Research In Motion (RIMM) is down $1.60, or 2.1%, to $74.10.
  • Palm (PALM) is down 10 cents, or 2.6%, to $3.80.

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