“Shares of Apple Inc. [AAPL] rose in Friday premarket trading, after a Piper Jaffray analyst said he expected the company to sell 45 million iPhones in fiscal 2009,” The Associated Press reports.
MacDailyNews Note: AAPL is currently trading up $2.18 at $142.18 in pre-market trading.
“Analyst Gene Munster raised his price target to $205 from $160, expecting robust sales of the iPhone to significantly boost earnings,” AP reports.
Full article here.
Michael Patterson reports for Bloomberg, “‘A tidal wave is coming in 2009,’ Minneapolis-based analysts Gene Munster and Michael Olson wrote in a report published today. ‘One thing we learned with the iPod is that when a device is game-changing, the demand will come.'”
Full article here.
We’re not so sure why everyone’s so excited about the 45 million iPhones in 2009 prediction since Munster’s been saying that since at least early June. Regardless, let the $200+ target prices flow forth as the rest of Wall Street finally begins to figure out and believe what’s happening with Apple.