toggle

AAPL Stock: 112.92 ( + 3.23 )

Printed from http://www.macnn.com

Goldman Sachs 'bullish' on Apple

updated 09:05 am EST, Thu March 1, 2007

Analysts 'bullish' on AAPL

Analyst firm Goldman Sachs is confident that Apple shares represent a core holding and should be bought on any sign of weaknesses, following the analyst Q&A session with the iPod-maker in Las Vegas, according to Forbes. "Apple continues to reinforce its emphasis on and ability to innovate at levels that separate it from other companies," analyst David Bailey wrote. Bailey also said that the iPhone is sufficiently innovative to garner Apple's 10-million-unit target for fiscal 2008 despite the high cost of the iPhone. Additionally, the analyst stated that the doubling of Apple's iTunes gift card sales in the December quarter should lead to an uptick of iTunes revenue in the current quarter. Wednesday afternoon Apple shares rose 1.1 percent, $0.90, to $84.83.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

Wren V5US Wireless Sound System

If you're a music fanatic, chances are you are, by extension, a bit fanatical about what you listen to your music on. If you're like ...

toggle

Most Commented