Apple share price: Company leaks details for new iPad models

on Oct 16, 2014
Updated: Oct 21, 2019
Listen, Thursday, October 16: Apple Inc (NASDAQ:AAPL), the world’s largest technology company, has leaked details about the new iPad models it is expected to unveil at a press event in Cupertino later today.

Yesterday, the company accidentally leaked screenshots showing images and details for the iPad Air 2 and iPad Mini 3 through a user guide within Apple’s iTunes store. The images were removed about an hour after the leak, but technology blog 9to5Mac was quick enough to spot them and lift the specifications of the devices.
Blunders like this are uncharacteristic of Apple, which is famous for being tight-lipped about upcoming devices. Some industry watchers pointed out that the leak conveniently coincided with Google Inc’s (NASDAQ:GOOGL) launch of new Nexus devices and operating system.

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In today’s trading, Apple shares were 1.7 percent lower at $96.
The product design of the new iPads appeared to be largely unchanged from the last year’s devices. Perhaps the most important change revealed by the leaked images is that the new models will have TouchID fingerprint sensors, which are currently only available on the iPhone. This suggests that the devices may support Apple Pay, the upcoming service that utilises near field communications technology to allow users to pay in stores with their iPhones rather than by credit or debit card.

Other screenshots lifted by 9to5Mac show that the iPad Air 2 will have the Burst Mode capability, which allows users to take rapid-fire photos.

Apple is poised to unveil more details about the devices at its press event today, which is scheduled for 18:00 BST.

**Analysts on Apple**
According to the Financial Times, the 44 analysts offering 12 month price targets for Apple have a median target of $111.00, with a high estimate of $139.00 and a low estimate of $60.00. As of October 13, 2014, the consensus forecast amongst 86 polled investment analysts covering Apple has it that the company will outperform the market. The same consensus estimate has been maintained since the sentiment of investment analysts deteriorated on September 29, 2011, the FT notes.
**As of 15:32 BST buy Apple shares at $95.76**
**As of 15:32 BST sell Apple shares at $95.75**


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