Bear Stearns analyst: ‘Apple is becoming what Sony always wanted to be’

“Bear Stearns maintained an ‘outperform’ rating and $103 price target on Apple Computer, citing numerous growth opportunities ahead, increased visibility into Apple’s product roadmap, and reduced Intel transition risk,” Maya Roney reports for Forbes. “‘In our view, investors underestimate Apple because they tend to look at the company ‘linearly’ when they need to look at Apple ‘non-linearly’,” wrote analyst Andrew Neff in a note to investors Thursday. ‘n light of the recent developments in the film industry, the bigger picture is that Apple is emerging as the nexus of digital lifestyle revolution… In a sense, Apple is becoming what Sony always wanted to be: a visionary that seamlessly integrates the best-of-breed hardware with content to fundamentally alter the way we life — and iPod is just the beginning, like Walkman before it,’ said Neff.”

More in the full article here.

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14 Comments

  1. Yeah, who would have forecast AAPL dropping down to $70 a few weeks ago!

    Without any reason apparently.

    One thing’s certain; barring a collapse of the world economy, they’re going to take off like a rocket at some point or other.

  2. You guys must be the biggest panty-waist stock investors of all time. This drop is a natural consequence of Apple’s Q2 forward-looking conservatism, and the answer is almost any moron could have seen this coming. Nothing unusual about that. Drops like this are great news. They are buy opportunities.

  3. News: Company A reported record profits of $99.9 billion – a 2000% over the same period the previous year – but still fell short of analyst prediction by 0.1%.

    Dumb Ass Stock Holder: OMG, Company A didn’t make the “predictions.” Sell bitch! Sell!!!

    Outcome: Company A stock plummeted to rock bottom prices after it failed to meet wallstreet predictions by only 0.1%.

  4. This is a tremendous buy opportunity. I got paid today and picked up as much AAPL as I could. I hope it languishes in the $70-$75 range for a few more weeks so I can buy even more.

  5. For you folks whining about the drop in AAPL: grow a pair of testicles or stop dabbling in the stock market. There’s a great deal of difference between a speculator and an investor, and you’re obviously the former. Speculators only care about the stock price; investors look at the overall health of the company, future prospects in the sector based on its business model, performance history, managerial talent, among a host of other factors. You’re the kind of folks who encounter a dip in a mountain road and abandon the trip, never mind that the road continues to climb. You should be focusing on the growth trends, not the daily or hourly fluctuations, which I might add, are driven by speculators. I remember asking a successful company owner of my acquaintance if he was taking his baby public, and he looked at me like I’d grown an extra head: “And have the value of my company determined by daytraders? No fucking way!”

  6. Market Cap as of closing:

    PIXR 6.78B
    DIS 48.24B
    AAPL 60.70B
    ——–
    Total 115.72B

    MSFT 295.82B

    Darn. M$ better do something quick! SJ’s closing in fast…

  7. Just about two years ago when I bought my first Mac desktop (and finally got to know the iBook I had bought my wife 2 years before that), I told everyone at work to buy Apple.

    I was so excited about the eMac I was learning to use (and love) that I just knew something good had to happen. This was when iPods were just a footnote in interviews with rock stars and no one I personally knew had one.

    Two years, 4 Macs and 6 iPods later, I tell every single one of them “told you so”, because none of them bought a single share.

    Oh well, after listening to them ridicule my choice of platform (and rabid evangelism) for the last two years, they are asking me which iPod to get and what features they should order on their Macs.

    ” width=”19″ height=”19″ alt=”smirk” style=”border:0;” />

    Go Apple!

    ~M

  8. Mozfan:
    Oh well, after listening to them ridicule my choice of platform (and rabid evangelism) for the last two years, they are asking me which iPod to get and what features they should order on their Macs.

    I’m right there with you brother. I told everyone I knew to buy AAPL when it was at $9… before the split.

    They used to laugh, but now they’re joining me. ” width=”19″ height=”19″ alt=”smile” style=”border:0;” />

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