“Topeka Capital analyst Brian White told CNBC on Monday that data from the CES gave him even more reason to be bullish on the iPhone maker,” Aabha Rathee reports for Wall St. Cheat Sheet. White has a $1,111 price target on Apple, which happens to be more than 50 percent higher than Wall Street’s average of $740.
Really the two areas of growth are going to be tablets — 25 percent — and smartphones — 22 percent. – Brian White
Rathee reports, “This scenario, the analyst said, played right into the hands of Apple… ‘I think, you know, maybe it won’t be an iPhone mini right out of the bat, but I think a different form factor of iPhone we’ll see sometime in June … I think you’ll see a smaller, and a bigger; so you might see a premium iPhone, and a cheaper iPhone. One of the thing you’ll see at CES this week, are as what we call, the embarrassingly large smartphones … I’m seeing this trend in Asia and I think that’s something Apple has to address.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]