Analyst Says iPhone 5 Will Be Biggest Product Launch In CE History (Street Insider) Wells Fargo resumed coverage on shares of Apple with an Outperform rating and $640-$660 valuation range. The firm said "new iPhone launches and the resulting earnings upside driven by demand have historically been the biggest share catalysts for Apple." Trading at 10.5x Wells Fargo's fiscal 2013 estimates, the stock looks undervalued "given what we believe will be the biggest product launch in consumer electronics' history (iPhone 5 in fall)."
Apple Crushes Google On App Retention (Localytics) App retention rates are improving as app publishers shift from an early focus on "downloads" to more mature customer acquisition and retention models. The overall app industry improved retention rates 19% over the last year. App publishers for the iPhone and iPad saw the greatest success, with retention rates 52% higher than those on Android. A healthy 35% of Apple iOS users launched an app more than 10 times after downloading, compared to 23% of Android users. The average Android app also suffers from 24% one-time usage rate compared to just 21% one-time usage rate for iPhone and iPad.
Apple Ax Gives Siri A 'D' Rating, Google A 'B+' (Business Insider) Piper Jaffray's Apple analyst Gene Munster tested 800 searches on Google and Siri. He said Siri only had 62% accuracy in its results and an apprehension of 83%. He gives it a 'D' grade. He pegs Google's accuracy at 86%, a 'B+.' Munster says Siri is still two years behind Google, but it has potential to be disruptive in the future.