“Things look bleak for everybody but Apple (AAPL) and maybe Google (GOOG) in a brief report to clients issued Monday by Deutsche Bank’s Chris Whitmore,” Philip Elmer-DeWitt reports for Fortune. “‘The distinction between smartphones, tablets and low-end notebooks is blurring rapidly,’ he writes. ‘Currently there are just two main competitors where we believe Apple’s user experience is industry leading and Android is the next best alternative. iPhone 4 is tracking to be the most successful new product launch in Apple’s history… Ultimately, we believe most vendors are playing for second place, left to chase Apple’s galloping pace.'”
Elmer-DeWitt reports, “Apple remains Whitmore’s top pick with a buy rating and a $350/share price target.”
Full article here.