September 27, 2010
Apple shares hit all-time high, bordering on $300
Yoni Heisler writes about what could happen to Apple’s stock price.
“With Apple shares inching closer to $300, analysts still think Apple’s stock price will soar even higher. Earlier (last) week, analyst Shaw Wu of Kaufman Bros. raised his stock target for Apple to $274 citing extremely strong iPad demand and continued iPhone 4 momentum. While Wu doesn’t have the most glowing track record when it comes to anticipating the ebb and flow of Apple shares, he’s not alone in his bullish outlook on Apple. Writing for CNN, Financial blogger Andy Zaky, who consistently has a stronger track record than most corporate analysts when it comes to predicting Apple’s financials and share price, opined a few weeks ago that Apple shares may very well reach $400 by the end of 2011.”
“As with all successful companies, it’s natural that old products give way to new ones. I anticipate fresh open source projects will fuel high growth for the foreseeable future because they drive costs savings and greater agility, and can solve some of businesses’ most pressing problems faster than proprietary offerings.”
“While including an ExpressCard 34 slot might not matter much to most folk, Toshiba equips the entertainment-oriented A660 with a wee Windows Media Center-friendly remote control that slips neatly into said slot when not required. That’s an example of smart design that even Apple failed to manage in the days when it was shipping MacBook Pros with remotes.”