Credit Suisse has initiated coverage of Apple Inc (AAPL) with an “outperform” rating and a $200 price target.
In a note to investors, Credit Suisse said that the personal computer market has a potential growth rate of 13.6% in 2008 and 12.7 percent in 2009, which reflects better performance than initially feared in a macro economic downturn.
“We see solid growth for the prominent Apple 3G iPhone driven notably by its evolving economics – iPhone now unlocked, greater subsidies leading to lower retail price and no geographic exclusivity,” Credit Suisse analyst A. Bommelaer added in the note.
In addition, Infineon (IFXGn.DE) may benefit from the Apple iPhone, the analyst noted, adding that Infineon currently supplies 100 percent of digital baseband, power management, and other components for a combined semiconductor content to Apple, at $20 per phone.
[Thanks to MacDailyNews Reader “CS Investor” for the heads up.]
8-8-08! Let the games begin. This is from a write-up of the games on Drudge.
“People really are selling their talent in a way that can make them money,” said Ai Weiwei, an internationally recognized artist based in Beijing. “They really know that if they work with the government, they’ll benefit.
I wee wee? Very comical name.
Buy Apple.
that’s I Way Way, phonetically, not Wee Wee.
@Anonymous
you’re right but it’s no where near as funny.
I think if the iPhones momentum continues worldwide over the next year its more like a $250 stock once the “market sheep” start seeing it rise again. Theres lots of money sitting on the sideline waiting to buy.
That my .02 cents
I like that term “market sheep.” I think 50% of the current Apple investors are “market sheep” Apple needs a few market wolves to get it’s stock moving upward again. I sincerely hope that Apple stock sees $200 this year and stays there or continues to move up. I don’t need a one-day $200 and the next day it drops back to $160. I couldn’t take that sort of disappointment again.