January 12, 2016 / 5:18 PM / 3 years ago

BUZZ-BlackBerry beats Apple Watch in holiday online searches - UBS

** “iPhone” dominated global online searches over the holiday shopping season but searches for Apple Watch were middling, falling below Fitbit, GoPro, BlackBerry and Amazon Kindle, according to a note by UBS analyst Steven Milunovich

** Revenue from the Apple Watch is insignificant compared to the iPhone but many analysts believe the device could become central to Apple’s expansion into wearables, health tech and the connected home

** Shares of Apple recovering for third day after steep selloff over worries about that iPhone could fall for first time in 2016; stock last up 1.2 pct

** Apple is oversold versus UBS’ $130 price target and is likely to rise as investors better appreciate Apple as an annuity business, Milunovich writes

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