This morning, Hudson Square Research analyst Daniel Ernst “raised his price target for Apple (AAPL) to $500, from $300, while repeating his Buy rating,” Eric Savitz reports for Barron’s. “That’s the highest target for the stock among Street analysts tracked by Thomson First Call.”
Savitz reports, “‘With the launch of the iPhone, the App Store, the iPad, and the relaunch of Apple TV, we estimate Apple’s total addressable market for hardware, content, and services expanded from roughly $400 billion to $1.5 trillion,’ he writes in a research note this morning. ‘Apple’s Mac share has doubled over the last five years and we believe could double again. In a little over 3 years Apple has captured less than 3% of the mobile phone market by units, but by revenue Apple holds a ~14% share. The iPad is off to a strong start, and the product greatly expands Apple’s addressable market for content distribution. While the new Apple TV and iAd are still in the very early stages, we believe the opportunity is very strong.'”
Read more in the full article here.
MacDailyNews Take: Don’t forget the new iPod, especially the iPod touch. Poor iPod touch; people always forget about you, even as you sell in the millions per quarter, but we always remember and love ya!
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]
“In a little over 3 years Apple has captured less than 3% of the mobile phone market by units, but by revenue Apple holds a ~14% share.”
One little thing he forgot to mention: 40% share of industry profits.
“Are there any valid reasons why Apple’s stock shouldn’t be as valuable as Google’s?”
Once again we have to explain that stock price has no relation to value. It is stock price X number of shares outstanding that = market value of the company. If Apple splits the stock (multiplies the shares outstanding) the stock price drops but the total value is still the same.
Google’s stock price is higher than Apple’s even though the company has a lower value because they have fewer shares issued.
“Are there any valid reasons why Apple’s stock shouldn’t be as valuable as Google’s?”
Once again we have to explain that stock price has no relation to value. It is stock price X number of shares outstanding that = market value of the company. If Apple splits the stock (multiplies the shares outstanding) the stock price drops but the total value is still the same.
Google’s stock price is higher than Apple’s even though the company has a lower value because they have fewer shares issued.
It went over 310 at 11:30 today, and now at 13:30, it’s still rattling around 310.
Tonight, a ’96 Chateau Lafite Rothschild Pauillac.
It went over 310 at 11:30 today, and now at 13:30, it’s still rattling around 310.
Tonight, a ’96 Chateau Lafite Rothschild Pauillac.
It’s not options day.. Lol. It’s expiration.
It’s not options day.. Lol. It’s expiration.
ron123 reiterates his is going to $600 on apple stock for next year
ron123 reiterates his is going to $600 on apple stock for next year
Yes they always forget about iPod Touch. I use one right now and the reason is that I don’t want to sign a contract with a carrier. I have a really cheap 25 dollar phone with prepaid.
Yes they always forget about iPod Touch. I use one right now and the reason is that I don’t want to sign a contract with a carrier. I have a really cheap 25 dollar phone with prepaid.
@Macbill
You have no idea do you?
Analysts does not just pick a number. It’s calculated. Of course it’s predictions of the future but with facts.
@Macbill
You have no idea do you?
Analysts does not just pick a number. It’s calculated. Of course it’s predictions of the future but with facts.