“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?