AAPL Stock: 117.13 ( -1.17 )

Printed from

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




Login Here

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


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented