“Over the past few weeks, several Wall Street kernels have popped when it comes to Apple. Another this morning, courtesy of Pacific Crest Securities, and investors might be wondering when the whole bowl of kernels finally, suddenly, becomes popcorn,” Jim Goldman reports for CNBC.
“Analyst Andy Hargreaves focuses on Apple’s iPhone and its momentum in the marketplace… Hargreaves reports this morning that Apple’s iPhone ‘browser share has nearly doubled to 0.31% since the 3G launch.’ It’s a key metric that shows market penetration and customer use. Says Hargreaves: ‘Accelerating web usage highlights iPhone’s key long-term advantages,’” Goldman reports.
“There’s a reason why so many [AAPL] targets are above $200 a share (and why Hargreaves sits at $235 this morning): Consumers seem to know what some investors are having trouble grasping — or believing: that Apple might be positioned better in so many key markets than any of its competitors,” Goldman reports.
Full article here.
[Thanks to MacDailyNews Reader "JES42" for the heads up.]