Analysts at Morgan Stanley have reiterated their “overweight” rating on Apple Computer, Inc. (AAPL). The target price is set to $60. In a research note published this morning, the analysts mention that the performance of the company’s recently launched iPod Nano product is likely to be spectacular and made positive mention of the impressive growth of the company’s CPU business compared to the market.
Also, “Analyst Henning Wagener of AC Research reiterates his ‘accumulate’ rating on Apple Computer. AC Research believes that the iPod “nano” has the potential of developing into another sales success due to its great performance characteristics… Due to the superior quality of the offered products and the company’s conservative planning, Apple Computer’s results in the upcoming quarters are likely to be robust,” newratings.com reports.
Full article here.
Related articles:
Apple Computer shares vault to another new all-time high – September 09, 2005
Apple shares surge to new all-time high on overwhelmingly positive iPod nano reception – September 08, 2005
Mossberg: Apple iPod nano ‘beautiful, incredibly thin, and exceeds Apple’s performance specs’ – September 08, 2005
Apple’s iPod nano will make competitors whimper, Motorola’s ROKR inexplicably bland – September 07, 2005
Tech pundit Enderle: ‘iPod Nano is a hit,’ Motorola ROKR ‘simply doesn’t have enough Apple in it’ – September 07, 2005
Jupiter analyst Gartenberg: ‘the market is going to go for Apple iPod nano in a big way’ – September 07, 2005
Analyst: iPod nano ‘could be Apple’s next home run’ – September 07, 2005
Video of Steve Jobs introducing iPod nano, ROKR iTunes phone now available online – September 07, 2005
Apple’s Steve Jobs predicts ultra-thin iPod nano ‘will become the highest volume iPod in the world’ – September 07, 2005
Apple introduces iPod nano – September 07, 2005
Apple’s iPod nano will make competitors whimper, Motorola’s ROKR inexplicably bland – September 07, 2005
…third times a charm.
Let’s set the AAPL price at, uh, $60.
Those professional stock folks are simply salesmen for their packages.
The market knows how to set the right price with such a massively traded stock as Apple, and a few humans at Morgan Stanley are not über geniuses.
Highpaid:
Actually, there might be a little more science to it than that…
Next year will see a tipping point reached for iPod sales – with sales likely to reach 10 million units/quarter – and a renaissance in Macintosh sales as the Intel transition kicks in at the “consumer” low-end initially.
I’m currently theorising that Apple may generate as much as $2 billion in profit for FY2006 (i.e. the year starting 01st October this year), which would mean Apple trading at around 30 times earnings: this seems conservative, but fair – personally I’d argue 33-35x earnings, which would see Apple worth around $70 billion.
Assuming the overall shares in issue reach 1 billion, which seems more than likely, AAPL shares could be trading at anywhere between $60 and $70 by 30/09/06.
iPod Nano dissected
link
I did the Mighty Mouse
http://homepage.mac.com/hogfish/PhotoAlbum2.html
What’s a Macintosh?
It’s an apple… the kind you eat.
Or it’s very classy high end audio equipment.
it’s something you wear on rainy days. That’s the original one and only meaning.
Then – somehow – it was used as the name for a computer introduced by Apple in 1984 but it is years that went out of production. Nobody can buy a brand new Macintosh since ages by now.
“Then – somehow – it was used as the name for a computer introduced by Apple in 1984 but it is years that went out of production. Nobody can buy a brand new Macintosh since ages by now”
So what do you think the Mac in Power Mac is short for..?
Or for that matter the Mac in iMac..?
All Apple did was shorten the Macintosh and Power Macintosh name to Power Mac.
macintosh= computer or raincoat
mcintosh= apple (fruit) and audio amps ( generally tube based, produced by same out fit made Rio players)
ahhhh Sarcasm, Where Art Thou
And I like to wear a Macintosh while carrying my Macintosh enjoying a fresh juicy mcintosh. Don’t you like variety in life?