Apple Share Target Price Raised to US$135

| News

Analyst Charles Wolf of Needham & Co raised the Apple share target price from US$115 to US$135 on Monday on the strength of anticipated iPhone sales. The story was published at Macworld UK.

"There?s about a 20 per cent chance that Apple will sell at least 20 million iPhones in 2008," Mr. Wolf said in a note to clients. "To provide some perspective, Apple sold 40 million iPods at an average price of $200 in fiscal 2006."

Mr. Wolf also predicted that the iPhone price would fall at an annual rate of 20 percent and that there would be rising carrier subsidies.

No Comments

Log-in to comment