“Analyst Mark Moskowitz sees Apple stock growing to $420 in the next year with the company riding high on another growth spurt. He believes Apple will see balanced growth along all of its main product lines,” Neil Hughes reports for AppleInsider. “‘While the iPhone and iPad are expected to be the biggest contributors to revenue growth in the near to mid term, the Mac business is expected to be an important contributor as well,’ he wrote in a note to investors Thursday. ‘By the end of (fiscal year) 2011, we expect the Mac to regain prominence in the Apple growth story as the company addresses the multi-billion dollar opportunity in the Target Zone of PCs.'”
“He also said that the anticipated launch of the iPhone on Verizon’s network in the U.S. will increase the devices sale’s momentum, adding at least $1.25 incremental earnings per share on an annual basis,” Hughes reports.
“Moskowitz also significantly increased his projected iPad sales in 2011, from a previous prediction of 21.3 million to his new projection of 26.6 million,” Hughes reports. “The analyst sees Apple selling a total of 60 million iPhones, 46 million iPods, and 17.3 million Macs in the company’s 2011 fiscal year.”
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