Apple has made some slight changes to the iPhone and iPad product lines and are offering cheaper alternatives.
Piper Jeffries analyst Gene Munster said that new 8GB iPhone 5C and the iPad 4, which has just been re-launched, should have a minor effect on the company over the next two quarters.
He wrote in a note to investors that the iPhone 5C 8GB will a more significant upside to Apple.
He said that he though the lower capacity iPhone would not have the same impact in markets such as India and China and said that the launch of the 8GB iPhone 5C would be irrelevant for Apple during the June quarter.
The ISI Group has upgraded the stock of Apple to a strong buy rating while the firm has a $600 price objective on stock.
The price upgrade came around after the delivery of bad news about the performance of Apple in Q1.
He went on to say that Apple were well on their way to a disastrous first quarter and warned Apple investors that the stock of Apple could crash after they release their first quarter earnings.
British payment provider, WorldPay Zinc came up with a graphic illustrate about how much money Apple and Samsung along with other companies make every second, hour and day. Apple have more than $160 billion in cash.
The figures were taken by dividing the revenue of the company and profits for FY 2013. WorldPay divided the number of seconds. It was said that Apple earned $37 billion in profits during 2013. This figure can then be divided per minute. Apple earn $71,523 every minute and $1,192 each second.
Samsung follow Apple as they earn $55,184 every minute and Microsoft $44,220 per minute. Google were in fourth as it was said that they earn profits of $23,587 per minute.
Samsung beat Apple when it comes to revenue as they earn $415,132 per minute. Apple earn 330,049 and Hewlett-Packard earn $216,162, while Microsoft took fourth place as $150, 336 per minute.
