View Full Version : Apple to soar on iPhone, app store merits, analyst says

Sep 22, 2009, 12:09 AM
http://www.macbytes.com/images/bytessig.gif (http://www.macbytes.com)

Category: Apple Hardware
Link: Apple to soar on iPhone, app store merits, analyst says (http://www.macbytes.com/link.php?sid=20090922010958)
Description:: Apple Inc is to welcome its latest 52-week high on the iPhone and the iTunes App Store growth, analyst says this week, lifting price target on Apple from $200m to $235.

"The sole driver of the increase in Apple's price target is a higher valuation of the iPhone," Charlie Wolf of Needham & Company wrote in a research note to investors this week. "Courtesy of network effects, the explosive growth of the iTunes App Store...should translate into a higher growth trajectory of iPhone sales going forward," Wolf added.


Posted on MacBytes.com (http://www.macbytes.com)
Approved by Mudbug

Sep 22, 2009, 09:25 AM
Oh lord. Yet more analyst BS published by MacRumors?? Come on guys. You know better surely!? Especially in this case.. Apple has been doing rather well out of iTunes & iPhones/App store for well over a year! This is not news.