Boston, MA 02/05/2014 (wallstreetpr) – Apple Inc. (NASDAQ:AAPL) is anticipated to generate $17.5 billion in sales of iWatch in the first-year if each device is sold for $299, according to Morgan Stanley (NYSE:MS) analyst Katy Huberty. The analyst hopes that what Apple needs to do to get the most from iWatch is positioning it as a natural accessory for its various iOS devices. The analyst however does not factor in distribution constraints in the revenue estimates, yet says that on the lower end, Apple Inc could realize between $10 and $14 billion sales in the debut year. The company added $12 billion to its revenue from iPad debut. It is worth noting that while speculations are widespread that iWatch will come to the market this year, Apple Inc has kept a low profile in iWatch talks and has instead left analysts to do most of the talking. Apple Inc. (NASDAQ:AAPL) gained 1.45 percent in Tuesday’s session to close the day at $508.79.
Oracle Corporation (NYSE:ORCL) has announced an application that would help process industries to drive down cost, maximize revenue and improve profit. The application is called Oracle In-Memory Cost Management which works with Oracle E-Business Suite. With this application, it becomes easy for enterprises to make faster and better decisions which can impact the bottom line positively. The growing complex cost management environment makes ORCL’s new application sort of a must-have for enterprises that want to stay ahead of their game. Oracle Corporation (NYSE:ORCL) rose 0.33 percent to $35.96 during the previous trading.
Exxon Mobil Corporation (NYSE:XOM) has had its stock maintained as a “buy” by analysts at TheStreet. The analysts noted various strengths in the stock which include revenue growth and improvement in stock price over the past year. The analysts believe that the existing strength outweigh any weakness in the stock. Exxon Mobil Corporation (NYSE:XOM) lost 0.03 percent of its market value to close at $90.02 per share Tuesday.
