“An analyst with Susquehanna Financial has raised a price target for Apple stock from $300 to $325, citing the iPad as a main cause,” Electronista reports. “‘The iPad continues to sell at a better-than-expected pace, and should be fueled by geographic expansion and expanding use cases,’ says Jeffrey Fidacaro.”
Electronista reports, “Fidicaro is calling for Apple to sell as many as 7.4 million tablets by the end of 2010, up from an earlier estimate of 4.75 million. For 2011, the analyst suggests that Apple will now sell 14.1 million iPads instead of 8.4 million.”
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MacDailyNews Take: His iPad estimates are too low for both 2010 and 2011.