“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.
“So someone please explain why ATT stock is not moving right now. “
Probably because anyone who wants to make money from the iPhone realizes that they’ll make more investing in Apple than ATT?
-jcr
I’ll tell you why, because they’re network sucks ballz…
the iPhone can be 3G, 4G, 5G, but if it’s tied to the edge data network then it’s still slow…
I’m using the edge network and can tell you it’s a piece of crap unless you’re inside a metropolitan area…
RIM went down to-day by $2.44, possibly because some are concerned that AAPL might be eating RIM’s lunch, given RIM’s installed base is only around 9 million after years of berry building.
AAPL’s lurch towards massive market penetration might be affecting MOT, NOK as well, all down same day. But if RIM can exceed $200, why is AAPL well under that? Anyone?