“Bear Stearns notes the pending launch of Apple TV in February and iPhone in June has changed the Apple story for the better. Before, Apple launched ‘insanely great’ products, but investors had no idea what, if anything, would come next and when it might happen, resulting in a ‘hit-driven’ story that often pulled back as investors pondered timing and parameters of the next move,” Notable Calls reports.
Notable Calls reports, “In contrast, we now have some more visibility about where Apple is going with four ‘spheres’ — PCs, music, phones soon, and video next year (they think). And each of these spheres has four vectors of expansion — platforms, wireless, storage, software — although these spheres overlap with consistent software and user interfaces.”
“Bear Stearns is maintaining their Outperform rating and $130 price target,” Notable Calls reports.
Full article, including talk of “New Steve” vs. “Old Steve,” here.
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