UBS analyst Ben Reitzes on Monday raised his price target on Apple Inc.’s stock to $235 a share from $200. In a research note, Reitzes said that checks of retail stores show Mac demand outpacing supplies during the Christmas shopping season.
Reitzes also raised his per share estimates for the fiscal first quarter ending December to $1.56, up from $1.47, on revenue of $9.42 billion. He expects 2.1 million iPhones in the quarter and 2.24 million Macs, up from his previous target of 2.14 million. Reitzes also raised his FY 2008 estimate to $5.05, up from $4.73. For 2009, Reitzes expects $6.24, up from $5.66.
The analyst expects Apple to debut several new products, including a new ultra-thin, ultra-light portable Mac at MacWorld Conference and Expo on January 15.
[Thanks to MacDailyNews Reader “I ♥ MDN” for the heads up.]
Will the overall economy allow Apple’s stock price to grow? I would welcome $190 – 200 at this point. It’s another down day on Wall Street.
BTW Apple Store Online is down “We’ll be back” message showing.
Re: Apple Store Offline
They’re probably just adding Mac and PC bobble-head dolls.
Apple shares are down, so they put the We’ll be back message, to get people guessing & people go buy frenzy.
The ex-Federal Reserve chief said last week that there is a 50-50 chance of a recession. Can’t be good news.
What Apple needs to do now, is to make iPhone 100% compatible with the corporate world.
If that’s done in 2008, then I don’t see what is gonna stop the penetration on this killer device.
If that’s done, then RIM gotta be shaking, Palm is dead
“Milken pointed out that we do not still quantify human capital on the balance sheet. Where is the value of Steve Jobs on the Apple balance sheet? Just before Jobs’s comeback, Sony’s market capitalization was 15 times that of Apple. Now Apple is worth 3 times Sony, mostly thanks to Steve Jobs.
There is an economic movement now brewing to attach economic value to human capital and place it on the financial statements of a company. ” ~ Laura Goldman, 12/07/07
http://www.globes.co.il/serveen/globes/docview.asp?did=1000287549&fid=980
I’d buy an Ampar bobble head doll. Now THAT would be a collectable.
I think I’d make a better Chia pet, LorD1776.
I’d buy a boatload of Ampar Chia Pets. The perfect Christmas gift.