Apple is “back up to $141 and this may be your last chance to buy it here under $150. Why? A lot of catalysts are on the near term horizon,” Georges Yared writes for BloggingStocks.
“Apple finishes its fiscal year in 11 days. The September 30 quarter and year-end will wrap up an exceptional year for Apple, yet many would argue that the best is yet to come. I expect the year finishing in 11 days to have final revenue numbers of $24 billion with earnings per share coming in at $3.75. iPhone revenues will be somewhat relevant, but that piece of the Apple story is JUST BEGINNING. As Apple exits fiscal year 2007, the more relevant story is still the overwhelming success of the iPod with the corresponding iTunes store, and of course, the newly revamped iMac computer,” Yared writes.
“The stock has been a buy for the past 3-4 years and will continue to be so over the next three years at least.This may be your last chance to get in below $150. My 2008 price target is $200-210,” Yared writes.
Full article here.
[Thanks to MacDailyNews Reader “Michael” for the heads up.]
Now the most earth-shattering insight, but still might be news to some people who don’t yet own AAPL shares.
“My 2008 price target is $200-210”
“2008” is a pretty wide range for a price target, but it’s better than the numerous analysts who throw out targets without specifying any time range.
Apple is certainly still growing.
If the media says “buy” it means the insiders intend to sell.
The media is the tool of the fools.
</i>??
Here’s our plan to increase revenue next year:
Apple will be introducing the iBendover just in time for Christmas. It will be the most awesome product ever and will sell for $10,000 each. It’s so secret we can’t release any details on it now. But Apple fanboys will just have to buy one and will queue for days.
One week later we will be reducing the price to $299 for everybody else.
So it’ll be like the Lisa?
Goodie!
its going to 109
yes that s right 109
109???
Do you mean it’s splitting in 2008 ?
Why does MDN on iPhone suck so bad? I know EDGE is slow and all, but other sites seem to load in half the time it takes MDN, assuming the content loads at all – I have no trouble getting the ads, but no other content. For shame!
I live in Australia. Any other Aussies know were to go to get some action. Must be somewhere online where you can just buy with your credit card. ???
MDN has a lot of external ads that pulls the site down, plus I’m sure they are doing something wrong, have you ever tried searching on this site? Well they don’t have that, and you can’t even dig down to really old news here.
MDN has a lot of external ads that pulls the site down..
Oh they do?
@ Henry James
Mate are you asking where you can buy AAPL from Australia?
Thought that until I got to the end of your sentence and you mentioned a credit card??!?! You serious? Shares on a credit card?!?
I used CommSec to buy my AAPL online. They have a service for buying shares on any of the US exchanges.
Cheers,
Luke
Why does MDN on iPhone suck so bad?…
Because it’s their mission statement for you to “get a Mac”, not a iPhone.
Who the fsck even bothers to surf on the iPhone anyway? It’s just there in case you need it for something. The screen is too small, enlarging sometimes hits a link which takes even longer to go back. Forget big fingers. The screen smudges. Web pages don’t display properly or have javascript/flash or other plugins like DivX etc etc.
plus, you can’t do nearly anything on it, can’t use blocking software or proxy’s to increase page load times or NOTHING.
It annoying.
You want to surf, get a laptop. Plain and simple. Save your eyesight.
Perhaps this is why Steve had to drop the price of the iPhone.
People just want a reliable, long battery life, low monthly cost phone. Cheap basic phones sell 99% of the time says AT&T;store staff.
That’s why Apple has built a retreat with the iPod Touch.
iPhone users,
We encourage iPhone users to use our RSS feed. Just click “RSS” in our menus (see the yellow line at the top of all pages or text links at the bottom of all pages). This will greatly speed up the loading of headlines from which you can then choose articles of interest. We are exploring the possibility of other iPhone solutions in future site versions.
Site-wide search is located at the bottom of all pages, just type in a word or words and click the “Search MacDailyNews” button. Our archives are also available in the same menus at RSS.
Thank you.
I’m still smarting from passing up the last chance to buy under $10 a few short years ago.
@ Henry James
Dude, if you don’t know how to buy shares, you really should be doing some basic homework on how stocks and the market work before you actually invest.
You also better do homework on the stocks themselves. Don’t buy because someone on an internet message board says it’s a good idea.
I’ve held AAPL for the past five years and have no intention of selling. But articles like this make me nervous. In the final analysis I think the reason to own AAPL at these levels is the company’s ability to gain significant market share from Microsoft in the next 3-5 years. Microsoft is so clearly a company on the decline that it’s easy pickins.
“I live in Australia. Any other Aussies know were to go to get some action. Must be somewhere online where you can just buy with your credit card. ???”
Sounds like you’re looking for a Hooker.
I tried carryi8ng my laptop in my pocket for 2 days straight .. it ran out of juice in 4 hours and was really heavy .. the iphone, however … well you get the picture.
the smudges .. I wipe them off.
Investors are fickle. Unless Apple can continue to dazzle, many will move on. This will cause the stock to sink quite a bit. I’m hoping it won’t, but investors always want the next big thing. At least Apple continues to shame the rest of the tech industry– that it certainly has going for it.
“There,” as in “There’s no there there.”
We’re able to release more information on the iBendover now.
Although it won’t actually do more than similar products, you will be able to tell your friends that it does, endlessly.
It’s priced so high to make you just want to have it compared to all the much cheaper but equally effective products out there. We know you’ll buy it.
We promise your friends won’t laugh when you buy it on day one for $10,000 and we reduce the price to $299 a week later, because we will include a $100 Apple store credit in the box.
We’re letting you know this so it’s clear that we planned it this way all along. we don’t want repeats of the accusations that we’re just handing out credits in response to your outrage.
Don’t miss out! Start queuing for your iBendover now!
Yared absolutely gets it! The reason for AAPL being so undervalued in spite of its growing earnings — for many years — is the preponderance of stupid and corrupt Wall Street analysts and pundit shills manipulating AAPL. But these guys can not stop AAPL making a big run up after a few quarters of stunning gains in earnings, unit sales, and innovative new or improved products.
I take a long term view of AAPL. If you pop up a 5 year chart of the stock’s performance, you can see that the idiots can not stop AAPL’s rise long term. The issues are well discussed on some AAPL specific forums. The TMO’s Apple Finance Board and Investor Village AAPL are the best sites for these discussions.
I am not out to kick MDN this morning, but I do have a problem with the ads loading before the text…it should be the other way around…look at Macsurfer’s site and how quickly and the order it loads. Google’s site loaded very quickly back in the 28.8 modem days…that was their edge…not just searching, but searching quickly. IE took over Netscape not only because M$ forced it on you, but also because it was lean and fast in its day.
MDN has a great site…otherwise we would not all be here and stay here…but their could always be some improvements, and I realize talk is cheap.