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AAPL Stock: 103.07 ( + 0.57 )

Printed from http://www.macnn.com

Analyst begins Apple coverage with $260 price target

updated 01:30 pm EST, Tue December 8, 2009

Company presently expanding product sphere

CLSA Asia-Pacific Markets analyst Steven Fox today launched his first round of Apple coverage, giving the company's stock a Buy rating with a $260 price target. "Apple's ecosystem is in the process of meaningfully expanding its reach through an increasingly robust set of applications," says Fox. The impact of apps is only expected to increase when Apple releases an tablet device sometime in 2010.

Apple is further said to be having an impact on markets outside its normal dominion, including game consoles, GPS units and video cameras. All three are to an extent unified under the iPhone, and the iPod touch has proven a challenge for for gaming stalwarts such as Sony and Nintendo.

Apple is forecast to push forward with the iPhone through upgrades, price cuts, and new carrier deals, whether in virgin countries or existing ones. FY2010 shipments of the device are projected to rise 70 percent, to 35 million.




by MacNN Staff

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Comments

  1. nomster

    Joined: Dec 1969

    +5

    Analysts Beings!!

    From Outa Space no doubt.

    Earth-bound analysts are scary enough - but this news just about takes the biscuit!

    What next... Cyber-Consultants?

  1. trevj

    Joined: Dec 1969

    +2

    re. Analyst Beings!!

    Gawd! They're almost human-like!!

  1. joecab

    Joined: Dec 1969

    +2

    oh dear

    When you being the Beguine ....

  1. jvputten

    Joined: Dec 1969

    +1

    January, 2010 new product presentation

    Can anyone recommend a website where I can find information on the January, 2010 Apple new product presentation? I've searched several Apple-related websites with no luck...
    Thanks in advance...

  1. Jeronimo2000

    Joined: Dec 1969

    +1

    January, 2010 what now?

    Who gave you the idea there would be new products in Jan 2010? The times of Macnews keynotes is over, my friend. Sure, there might be stuff in January... but the rumor mill is not in full swing yet.

  1. ClevelandAdv

    Joined: Dec 1969

    +1

    Apple Price target set at $2,000,000

    Once Apple rolls out the new iFusion mini fusion reactor and the iCar that runs on nitrogen gas it get from the air, which I expect to happen in late 2010.

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