“Investing in Apple now requires a lot of courage. But if Apple can overcome three key hurdles, the stock will once again prove its mettle and have unlimited wind at its back,” MJ Zeng writes for TheStreet. “Target price: $130 and higher by May 2015.”
“Let’s say Apple does debut a splashy, large-screen iPhone in September (the same launch month for all previous iterations). It will be a game-changer,” Zeng writes. “Most consumers judge phones by screen size and high-tech bells and whistles such as HD cameras and faster processors. A large-screen iPhone with a fast processor would close the size gap between Apple and its Android rivals and attract huge demand.”
“Apple has the edge when it comes to harmoniously integrating its iOS software and hardware, precisely executing its designers’ vision and setting trends in smart products,” Zeng writes. “Apple has already sketched out its world-domination plan, penetrating living rooms as well as industries such as education, business, medical and health care. Its tentacles are in everything. At the core is its prodigious app ecosystem; it’s the key to unlimited upside. Ultimately, it doesn’t matter what hardware business Apple is in, phones, tablets or even mythical iWatches.”
Read more in the full article here.