American Technology Research analyst Shaw Wu believes for substantial amounts of flash memory in the coming quarters as evidence of upcoming flash memory-based iPod mini. The analyst maintained a 'hold' on Apple stock with a price target of $42.
Comments
This guy is really funny (and mostly a pessimist). He has a stock price target, which is lower than today's price by $4, and yet he's got posivite projections for iPod sales. We don't know which one to believe.
And they call themselves analysts!! These guys are just brain-dead.
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It makes perfect sense. If you sell one iPod and make 50 bucks with the current pricing, if there's lots of holiday price-cutting, you may have to sell it for only 10 buck profit in order to compete and continue to hold the digital throne.
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Fresh-Faced Recruit
Joined: Sep 2001
Apple is DOOMED!
OK, OK, we said in the past that Apple couldn't sustain the growth in iPod sales and the market had matured.
But we really mean it this time! The sky is falling!