“With the inclusion of HomeKit and HealthKit in Apple’s forthcoming iOS 8, as well as rumors of a new ‘iPhone 6’ mobile payment system, investment firm Piper Jaffray has increased its price target on the company’s stock to $120,” Neil Hughes reports for AppleInsider.
“Apple’s ‘platform theme is expanding,’ analyst Gene Munster said in a note to investors on Tuesday,” Hughes reports. “In addition to HomeKit, HealthKit and the prospect for mobile payments, he also sees the anticipated ‘iWatch’ as opening up new opportunities for Apple to become a more ingrained part of users’ everyday lives.”
Hughes reports, “The new price target, up from a previous prediction of $105, comes a week before Apple’s Sept. 9 event, where the company is widely expected to show off its upcoming ‘iPhone 6,’ as well as provide a first look at the rumored “iWatch.””
Read more in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]
Hmmm. Around $124.50 or so works nicely for me. But thanks anyway, Gene!
So the new iPhone 6 is only going to be $120? That’s quite a steal! Take that, you $700 Samsung piece of junk!
You realize they are talking stock price, don’t you?
Awwwww, spoilsport 😉
Perhaps a year or two from now with a carrier subsidy, CPW. For a no-contract situation, figure $600+ unless Apple includes a lower-spec’ed version.
“I Want To Take You Higher…”
Sly & the Family Stone