updated 10:05 am EST, Fri March 7, 2008
Investors like SDK, AAPL
Yesterday's "iPhone Software Roadmap" event raised analysts' faith in AAPL stock, with Shaw Wu of American Technology Research reiterating a "buy" rating and a price target of $175. According to Wu, Apple had met and exceeded expectations with its "superior" implementation of ActiveSync. Apple's method eliminates separate server software, while also providing a direct connection to the server, rather than through a third-party network operations center.
Wu also believes that Apple's goal of 10 million iPhones by the end of 2008 is now back in sight, considering the offerings the company released yesterday. Despite a looming recession, Wu thinks Apple is able to "weather the storm better than most with its strong fundamentals."