Ticonderoga Securities’s Brian White this morning reiterates his Buy rating on Apple (AAPL) shares, and a $666 price target, writing that the company’s iPhone 4S, which went on sale Friday in Hong Kong and 14 additional countries, on a pre-order basis, has sold out in Hong Kong within ten minutes, according to his “checks.”
White expects mainland China will get the device next month. Friday is the retail introduction of the device in Hong Kong and the other territories.
“We believe this rapid sell out $76.83 will rest concerns surrounding the uptake of the iPhone 4S in the Greater China region that were driven by the limited language capability of Siri, which did not launch in Mandarin or Cantonese,” writes White.
Apple shares this morning are up
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