Barclays ups Apple price target to $385, expects 150 million FaceTime-enabled devices by 2012

Apple Online Store“British investment bank Barclays Capital on Tuesday raised its price target on shares of Apple by more than 10% to $385 per share, citing strength in all four of the company’s core product segments and expectations it will build a network of 150 million FaceTime-enabled devices over the next two years,” Sam Oliver reports for AppleInsider.

“More specifically, the analyst is projecting Apple to sell almost 40 million FaceTime compatible iPhones in fiscal 2011, 15 million FaceTime compatible iPods, and 8 million FaceTime compatible iPads – for a total installed base of over 63 million FaceTime devices by the end of the fiscal year,” Oliver reports. “‘We believe the ‘FaceTime networking effect’ could provide a halo effect on Macs and iPads once the feature becomes available,’ the analyst wrote. ‘Note that FaceTime is an ‘open standard’ so if Apple is successful in making this feature ubiquitous, more non-Apple devices could be made compatible in the future.'”

Full article here.

MacDailyNews Take: Nearly every Mac model sold over the past few years has a built-in iSight camera and iChat. So, what are you waiting for, Apple?

16 Comments

  1. Been waiting on 300 for awhile now…hope it gets past that hurdle soon. I remember the 200 ceiling.
    Off topic, but did anyone notice the huge remote that Ballmer used for his keynote showing off the Windows phone orgy?
    You barely notice the tiny one that Steve uses during his keynote…just shows the lack of thought by M$ when sales folks run the company…they just plain don’t get it and kill themselves wondering why.

  2. Been waiting on 300 for awhile now…hope it gets past that hurdle soon. I remember the 200 ceiling.
    Off topic, but did anyone notice the huge remote that Ballmer used for his keynote showing off the Windows phone orgy?
    You barely notice the tiny one that Steve uses during his keynote…just shows the lack of thought by M$ when sales folks run the company…they just plain don’t get it and kill themselves wondering why.

  3. Kabooom! What a blast Apple is a havin’ ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

    Buy AAPL as it is goin’ Up to $401 in 2011period!

    No matter how this verizon news goes, Apple wins!

    On Oct.18th at 5pm, Apple will report another Record Profit quarter.

  4. Kabooom! What a blast Apple is a havin’ ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

    Buy AAPL as it is goin’ Up to $401 in 2011period!

    No matter how this verizon news goes, Apple wins!

    On Oct.18th at 5pm, Apple will report another Record Profit quarter.

  5. “Nearly every Mac model sold over the past few years has a built-in iSight camera and iChat. So, what are you waiting for, Apple?”

    The new version of iLife, of course!

  6. “Nearly every Mac model sold over the past few years has a built-in iSight camera and iChat. So, what are you waiting for, Apple?”

    The new version of iLife, of course!

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