Needham & Company analyst Charlie Wolf has noted that the average sale price for Mac computers has remained steady at US$1,300 for several quarters based on slow growth. Even still his 12 month target price for the company's stock is now $590, down from his $595 estimate from the second half of 2013.
The Mac Observer Spin The Mac Observer Spin is how we show you what our authors think about a news story at quick glance. Read More →
Mr. Wolf's target price may not reflect how he actually feels about Apple's performance potential right now. He sets his target price twice a year, and right now we're seeing a value he set before running his latest numbers.