Philip Elmer-DeWitt reports for Fortune, “Stifel Nicolaus’ Doug Reid raised his Apple (AAPL) price target modestly Thursday — to $360 from $350 — in a note to clients that poured praise on the company and scorn on its competitors.”
“Reid sharply increased his estimate for iPad unit sales in Apple’s fourth fiscal quarter to 5.4 million from 3.6 million, citing ‘robust demand'” in the U.S. and Europe and supplies adequate to meet it,” P.E.D. reports. “Although Apple’s competitors are rushing iPad look-alikes to market, he says, only one is available for sale and all are likely to be, in his words, ‘disadvantaged by unsuccessful attempts to integrate first generation tablet hardware with mobile OSes (Android 2.2/3.0, Chrome) that remain either nascent or entirely unproven relative to Apple’s nearly 4-year old iOS.'”
Read more in the full article, which includes Reid’s iPod and iPhone estimates, here.
MacDailyNews Take: “Any product that is essentially a copy of something else… there’s something inherently less interesting about them. Because the companies that make them don’t lead, they follow.” – Paul Thurrott, March 19, 2009
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]