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AAPL Stock: 113.99 ( + 1.98 )

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Analyst: AAPL at $140; 5M iPhones in 2007

updated 01:00 pm EDT, Tue June 5, 2007

AAPL target set at $140

Credit Suisse analyst Robert Semple on Tuesday raised his target price on Apple Inc from $120 to $140 a share, according to MarketWatch. In a his research note to clients, Semple said he believes that "the iPhone 'will elicit a superior perceived value' compared to other mobile phones due to factors such as its technical superiority and the idea of consumers to own a 'hot product'. Semple estimates that Apple will sell 5 million iPhones in 2007 and 15 million of the devices in 2008. Apple plans to release the iPhone on June 29.




by MacNN Staff

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Comments

  1. Bill in Providence

    Joined: Dec 1969

    0

    Nice work...

    Gee I wish I could get a gig at ten times my current salary to occasionally state the obvious and place bets with other people's money.

  1. eldarkus

    Joined: Dec 1969

    0

    and...

    dont forget raising your price to match others... Well, my target price is $120 for Apple.. but AAPl is at $122 today. I better change that!

  1. hokizpokis

    Joined: Dec 1969

    0

    out on a limb...

    yeah I concure,

    but my price target for AAPL is $500 per share, in 60 months time...

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