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roni

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roni

Re: None

Thursday, 10/25/2007 9:09:13 AM

Thursday, October 25, 2007 9:09:13 AM

Post# of 147224
Investment bank Piper Jaffray on Thursday maintained its extremely bullish outlook Apple Inc., raising its price target on shares of the company once again to $250 from $222, saying it remains confident in predictions that iPhone sales will increase to 45 million a year by calendar year 2009.

"We have constructed a model that we believe reflects the impact of iPhone booked revenue and AT&T revenue share in the coming years," analyst Gene Munster wrote in a note to client investors. "Based on this model, we continue to believe that the iPhone and the revenue share agreement will be more impactful in '09 and beyond than currently factored into consensus thinking."

http://www.appleinsider.com/articles/07/10/25/piper_jaffray_ups_apple_target_to_250_sees_sales_of_45m_iphones_in_09.html
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