“Global Equities Research on Monday raised its price target on Apple Inc. to $130 from $115, and said innovation will drive growth at the company for many years,” Ciara Linnane reports for MarketWatch.
“‘Innovation is back at Apple and we have only just scratched the surface,’ the firm said in a note. “‘It is the beginning of a New Era,'” Linnane reports.
MacDailyNews Take: Innovation never left Apple. Don’t confuse a concocted meme with reality.
Linnane reports, “Among other factors, the note cited Apple’s success in integrating both hardware and software with cloud technology and its ability to make every new version of its product better than the last, allowing it to ‘handsomely outsell’ the previous one.”
Read more in the full article here.
MacDailyNews Take: “Analysts” love “unit sales” (no other information or context necessary) more than Rob Glaser loves doughnuts.
Apple’s first weekend iPhone 6/Plus sales top 10 million, set new record – September 22, 2014