Analyst: Patent Shows Apple's Greater Ambitions
by , 11:20 AM EDT, September 8th, 2006 - Digg This
American Technology Research analyst Shaw Wu reviewed Apple's patent filing for a multi-functional handheld device, and said it is likely "the fundamental basis and technology behind Apple's cell phone efforts." The device described in the patent filing can potentially include cell phone features, a PDA, a music player, GPS, digital camera, remote control functions, and more.
Mr. Wu stated "We remain upbeat on Apple's prospects in building a material cell phone business given its strong brand name, loyal customer base, and unique user experience helped by its Click Wheel technology and end-to-end business model."
If Apple gains 1 percent of the cell phone market, that could translate into an additional US$2 billion for the company. Based on Apple's current track record, Mr. Wu expects that is a real possibility.
American Technology Research is maintaining its "Buy" rating for Apple stock, and a target price at $91. Apple stock is currently trading at $72.33, down 0.47 (0.65%).
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
Recent TMO Headlines - Updated December 7th
- Wed, 4:49 PM
- Apple Announces Powerful New User and Data Security Features
- Wed, 4:43 PM
- Apple Delivers New Wave of OS Release Candidates
- Wed, 3:30 PM
- French Group Files Complaint Against Apple Over Device Repairability
- Wed, 1:14 PM
- Travelin' Tim Talks TSMC
- Wed, 12:34 PM
- 'Disney Dreamlight Valley' Arrives for Apple Mac Sillicon Users
- Wed, 12:26 PM
- Two Women Sue Apple for Illegal AirTag Tracking Incidents
- Wed, 12:17 PM
- Apple Wins Patent Battle Against AliveCor Over Heart Rate Monitoring
- Wed, 11:51 AM
- Apple TV+ Lands 10 Nominations at 28th Annual Critics Choice Awards
- Wed, 3:00 AM
- Pricing Tools for Developers and Things We Didn't See Coming - TMO Daily Observations 2022-12-07
- Tue, 5:06 PM
- Apple CEO Tim Cook Says Chips Can Soon Be Stamped ‘Made in America’
- Tue, 4:49 PM
- Microsoft Looking Into 'Super App' to Directly Compete with Apple and Google in Search Engine Markets
- Tue, 4:04 PM
- Get Your Crunchyroll Anime Fix on Your Mac
