updated 07:15 am EDT, Wed June 2, 2004
AAPL target, EPS upped
Analyst Gene Munster of Piper Jaffray has issued a on Apple; although Munster raised the target price from $30 to $32 on future growth of Apple's iPod division and an increasing focus on consumer electronics, he said that Apple's dependence on the education, consumer and creative professional market spending trends was a cause for concern. "The analyst expresses his optimism regarding Apple Computer's accelerated iPod sales growth over the next few years. Moreover, the company is reportedly engaged in the development of several new products, including a 30-inch monitor, colour screen iPod and multi-colour desktops."