“Two financial analysts have raised their targets for Apple stock. The highest target comes from Canaccord Genuity’s Michael Walkley, who has pushed his forecast up to $655,” MacNN reports. “‘Our monthly channel checks indicated very strong sales trends for the iPhone 4S at all three U.S. carriers and overall strong iPhone sales in international markets. We are increasing our March quarter iPhone estimates from 30.1 million to 32.6 million units,’ he elaborates.”
MacNN reports, “Needham analyst Charlie Wolf, meanwhile, has boosted his stock target from $540 to $620 as part of a semi-annual valuation. Rather than citing the iPhone, though, he credits the iPad and the Mac.”
Read more in the full article here.
According to Canaccord Genuity technology analyst Michael Walkley Apple earned 80% of all handset operating profits during the fourth quarter.
Check out this chart here.
MacDailyNews Take: Ah, let’s take a stroll down memory lane:
We’ve learned and struggled for a few years here figuring out how to make a decent phone. PC guys are not going to just figure this out. They’re not going to just walk in. – Ed Colligan, Former CEO of the now-defunct Palm Inc., November 2006
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]