The Mac Observer

Skip navigational links

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 September 27th

Tue, 9:38 AM
macOS Sierra: Using Tapback in Messages
Mon, 6:38 PM
watchOS 3: Mickey and Minnie Mouse Can Now Speak the Time
Mon, 5:51 PM
iOS 10: How to Use Maps Extensions
Mon, 5:07 PM
TMO Background Mode: Interview with Founder & President of Bombich Software, Mike Bombich
Mon, 3:13 PM
iOS 10 Maps 'Overview' Buttons Moved to the Swipe-Up Drawer
Mon, 2:35 PM
A-Shirt Makes Apple-Inspired Shirts for Apple Fans
Mon, 2:32 PM
TMO Daily Observations 2016-09-26: macOS Sierra PDF Issues, Apple ID Two-Factor Authentication
Mon, 2:25 PM
Apple's iPhone 7 Invitation Refused by Bloggers
Mon, 2:01 PM
Avantree PowerHouse 4 Port Fast USB Charging Station
Mon, 1:28 PM
Stilo 6R Stylus Features Magnetic Body and Hybrid Tip
Mon, 10:40 AM
How to Stream the Clinton/Trump Presidential Debate on Your iPhone, iPad, and Apple TV
Sun, 12:06 PM
MGG 624: Sierra, APFS, Wi-Fi and Personal Servers
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!