According to Reuters Apple cut the time it takes to issue refunds on online orders by half. The move is reportedly an effort to encourage online shoppers to buy products directly from Apple instead of buying them from partners such as Amazon.com (AMZN) and Best Buy (BBY).
Apple stock is also gaining based on the company's Beats acquisition.
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TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."
Highlights from the analysis by TheStreet Ratings Team goes as follows: