“Gene Munster of Piper Jaffray maintained an ‘outperform’ rating on Apple Computer and raised his price target on the company in anticipation of continued iPod and Mac innovations and a possible “iPhone” in the next 12 to 18 months,” Maya Roney reports for Forbes. “Munster expects Apple to enhance media center features in Macs, and incorporate its recently released Front Row technology into the Mac Mini. Munster also predicted the launch of an Apple-branded ‘iPhone’ with iTunes capabilites, and, five years down the line, a terabyte iPod that will offer massive storage and wireless capabilities and become a ‘portable coffee-table media center.'” He raised the price target to $68 from $60.
Full article here.
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