Piper Jaffray hikes Apple price target from $160 to $205, ‘A tidal wave is coming’

“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.

53 Comments

  1. If you have no problem with taking both sides of every issue, that means there’s nothing that you really stand for. Now, if you turn around and say that you have a problem with someone doing something, then guess what? You’ve just taken a position, even though you just stated that you don’t have a position to take. Where did you learn how to think? The Dan Rather school of debate?

    And as for the armchair generals, please shut up. Your intelligence comes only in hindsight and as a reaction to whatever Bush has done. You couldn’t be bothered with Islamic fundamentalists when you were busy out supporting Kerry or Gore. You’re out there now campaigning for Edwards and Obama who feverishly believe that terrorists only exist because the U.S. has created them (in utter ignorance of all of Islamic history).

    The Republicans aren’t perfect, but at least they live in the real world and try to address the problems we’re facing. Democrats don’t have a clue about terrorists, have no plan for victory in Iraq, and have no idea how to lead a strong America. Their concept of foreign policy is indistinguishable from Bill Clintons’ (give away lots of U.S money and act nice and everyone will love us).

    That kind of thinking brought us 9/11.

  2. I just hope apple rids the market of Nokia after all those years I had to suffer with their pieces of crap.

    their very first phones were pretty reliable, but then they all went to pot when the new slimmer phone craze set in.

    still, competition does bring the cost of merchandise down on an open market.

  3. My dad used to own apple shares as part of a club. The club bought them when apple shares were worth about £30 each. Just imagine if he had bought them off the club when it broke down…
    Oh dear!

    Zune Tang…
    I don’t find your additions to this feedback page funny anymore. It was kinda funny about a year ago. Now it’s just annoying. Go find some other feedback page to pretend to troll on.

  4. @ drbyers

    What’s to debate? Somebody keeps creating faux fascist entities and posting fake fascist comments in here. Why bother debating them? It would just attract more of the real nazis, imho.

  5. Great!
    Apple shares are up. But have you looked at ATT shares, they are flat, flat, flat! They shouldn’t be, just do the math. A million iPhones have been sold already and reports state about 50% of users have switched from T-Mobile, Verizon, Sprint etc.

    Let’s see – $60 minimum a month x 24 (minimum 2 year service plan) x 500,000 = $720 million in new revenues for ATT, less overhead of course, but still a whopping increase. And that’s only on the first million sales of iPhones with the minimum monthly rate.

    So someone please explain why ATT stock is not moving right now. Are they expecting hackers to unlock the iPhone so it can be used on any carrier. If so, what about all those already committed to ATT?

  6. Hey, they talked about MS in the same article

    Microsoft declined 58 cents to $30.93. Fourth-quarter earnings rose 7.3 percent, held back by more than $1 billion in costs to fix faulty Xbox consoles. The repair expenses eroded gains from new Windows and Office programs. Xbox unit sales fell short of Microsoft’s original forecasts for the year and the business has lost more than $5 billion in five years.

  7. It isn’t a fault or weakness to see, and perhaps agree with parts of both sides of an issue. It’s called open-minded thinking. From there a firm position or decision can be made.

    It is a fault and weakness to make knee-jerk decisions based on suspect data, not questioning or verifying data or allowing dissent when the future of the world is at stake.

  8. It’s funny, I thought the kind of thinking that led to 9/11 was ignoring the briefings in July and August 2001 and the warning of others who said something was coming.

    Still, I’m sure some brush got cleared in Crawford that summer so at least that’s one thing that got done.

  9. Like any comedian Zune Tang goes through good and bad spells…the last few weeks he has been off his game. I trust though that he’ll find his way again.

    It has happened before so I expect it to happen again.

    Here is to Zune Tang once again finding his form.

  10. “Can MACs even get on the internet so you Apple lemmings can be informed?”

    ZT’s so obvious lampoon of MS-heads hits another common faux- a MAC is indeed a necessity for getting onto the internet, as we all know.

  11. ya ya! kik ass us! stoopd ppl dnt no howta fite, thnk they can jst play gaymz with lahz an stuf. loozerz wana jst tahk an boy cot. how dum iz that? a mericnz KIK ASS! crppy forin ppl dnt no enny thng abowt fiteing for sirvyvl. wahch thm get terrer in there sittys nxt.

  12. Redmond can make a “Zune Phone” and get into the cellular game, but they risk a massive problem if they do so.

    Since Redmond has decided to go the route of complete solutions provider like Apple, delivering the market both the hardware and software, making a Zune phone poses a huge risk.

    Redmond supplies what they consider to be a really great smart phone OS, which is gaining some traction among smart phone makers…

    Should Redmond launch a Zune Phone, it will directly compete against the products they are supplying their Win Mobile OS too.

    In other words, Redmond can count on Moto, Nokia and the rest dropping Win Mobile almost immediately, and moving exclusively to Linux and other smart phone OS variants that are already in the market place, and being used by these cell phone makers.

    Should Zune phone fail miserably (very likely given Redmond’s lack of ability to deliver product the 30 and under crowd want or desire), and Redmond has stumbled into completely taking themselves out of the cell industry altogether, making them completely irrelevant in the market place.

    Don’t count on a Zune phone coming to market any time soon. At best, they may have a wifi VoIP Zune phone, which might seem intriguing until you want to make a call in your car – then it just becomes frustrating, requiring a person to still carry around two devices… But I can see M$ doing pulling a dumb move like this in desperation…

    Zune was DOA at launch. Zune is dead now (still have not shipped 1 million have they…), and once the iPod touch with iTunes Mobile arrives, game over – again.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.