Thread: Analysts predict bright future for Apple iPhone

Analysts at Needham & Co yesterday raised their target price on Apple stock from $115 to $135. The move was made based on the strength of anticipated iPhone sales.

In a note to clients, analyst Charles Wolf suggested that at first iPhone sales will be modest. However, he went on to say: "Price is likely to fall at a 20 percent annual rate in line with the decline in component costs and rising carrier subsidies."
The analyst believes this price decline will "accelerate demand as the iPhone invades the sweet spot of the mobile phone market". Wolf believes the iPhone will cost around $75 within the next decade.

...

Furthermore, the analyst believes: "There’s about a 20 percent chance that Apple will sell at least 20 million iPhones in 2008. To provide some perspective, Apple sold 40 million iPods at an average price of $200 in fiscal 2006."

Source: http://www.pcadvisor.co.uk/news/index.cfm?newsid=8246

$135? I'm definitely fine with that. I bought apple when it was around $72 or so, it raised to $95 a week or two ago, but now it's sitting at about $85. I will be extremely pleased if it peaks over $110, let alone $135.

Seems it is time to buy some Apple Stocks.

Rofl, if you invest simply on what an analyst says, then you deserve to lose the money. You can't just go in and throw money into a stock that you know nothing about. Look at the XBox 360 release... I am sure everyone thought MSFT was going to skyrocket, but it didn't... in fact, it lost around 11% the first week of the XBox 360 release.

But people invest depending on suggestions and probability - don't they.
You need to take the risk.

Originally Posted by sukantab

But people invest depending on suggestions and probability - don't they.
You need to take the risk.

No, morons invest based on suggestions and probabilities. People who make good money invest on research and probabilities. It's not that hard to dig up some SEC filings, conference calls, etc.