Apple to soar on iPhone, app store merits, analyst says

Discussion in 'MacBytes.com News Discussion' started by MacBytes, Sep 21, 2009.

  1. macrumors bot

    Joined:
    Jul 5, 2003
    #1

    [​IMG]

    Category: Apple Hardware
    Link: Apple to soar on iPhone, app store merits, analyst says
    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.

    http://www.ibtimes.com/articles/20090916/apple-soar-on-iphone-app-store-merits-analyst-says.htm

    Posted on MacBytes.com
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  2. macrumors 65816

    Luap

    Joined:
    Jul 5, 2004
    #2
    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.
     

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