NEW YORK (TheStreet) -- Shares of Apple Inc. (AAPL) are up 0.81% to $94.70 in pre-market trade as the company prepares its largest initial production run of iPhones, betting that larger screen models will lure consumers now attracted to similar phones from Samsung (SSNLF) and others, the Wall Street Journal reports.
Apple is asking suppliers to manufacture between 70 million and 80 million units combined of two large-screen iPhones with 4.7-inch and 5.5-inch displays by December 30, sources told the Journal.
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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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows: