LPAM Analyst: Apple Could Hit $300 in 2009

April 18, 2008 at 3:15 pm 2 comments

     Jason Schwarz, an Options Strategist for Lone Peak Asset Management, writes for SeekingAlpha:

“Recent data is suggesting that Apple is on the verge of breaking out in a major way…The Apple market share story begins with the reemergence of the Mac, in a recent interview Apple COO Tim Cook indicated that during fiscal 2007, Apple sold 7 million Mac computers; still just a fraction of the 260 million units market estimated by IDC…The recent release of the ultra-thin MacBook Air seems to be getting Apple into the hard-to-reach business user segment…Any one of the +100 million ipod owners are potential iphone owners as the halo effect expands from ipod now to iphone. Bank of America analyst Scott Craig also feels that current estimates of iphone sales are too conservative…By selling 45 million phones Apple would generate in excess of 5 billion in profit…The market share story insulates Apple from typical consumer slowdown worries and gives investors conviction to buy and hold…Pre-3G iphone is a great time to enter a long position…It might just take you to $300.”

Read this entire interesting article here

D.S.

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2 Comments Add your own

  • 1. jrem95  |  April 24, 2008 at 4:53 am

    I dont think they would hit 300 since they are going down by so much right now. The only way for them to rise again is for them to release another great product like the iPhone or another Mac or OS. Which actually is i guess likely to happen.

    Reply
  • 2. Wendy Xavier  |  April 29, 2008 at 9:32 am

    Apple makes great products that are up with the times. i do not think however that it is going to hit $300. i think with time the price will decrease.

    Reply

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