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Firm slaps $1001 target on apple shares ahead of $100b integratedtelevision opportunity by na b
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Firm slaps $1001 target on apple shares ahead of $100b integratedtelevision opportunity by NA B
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| Article Posted: 05/17/2013 |
| Article Views: 65 |
| Articles Written: 2638 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 418 |
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Firm slaps $1001 target on apple shares ahead of $100b integratedtelevision opportunity |
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Business,Business News,Business Opportunities
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Arguing that Apple's dominance of the consumer electronics marketis positioned to go unchecked for the foreseeable future, TopekaCapital Markets on Monday initiated coverage of the iPad maker witha staggering $1001 price target on the company's shares. In an inaugural research note to clients, analyst Brain White saidhe believes the 'Apple story' has a long way to play out over thecoming years despite the company's already dominate marketposition, with the next 12-18 months expected to serve as a'particular exciting' time for the company on multiple fronts. "Driven by an ever expanding portfolio of innovative products, agrowing integrated digital grid, unmatched aesthetics and a brandthat is able to touch the soul of consumers of all backgrounds,Apple fever is spreading like a wildfire around the world and wesee no end in sight to this trend," he said. In particular, White argues that Apple "remains the premiere playon the rise of the mobile Internet around the world" and standswell positioned to capitalize on the trend, especially in Chinawhere 3G subscriber rates are expected to swell to 230 million byyear's end and make the country's mobile ecosystem "one of thewonders of the technology world." In supporting his 12-month price target of $1001, the analyst alsoidentified the recent launch of the company's 1080p-capable AppleTV ( review ) as "another step down the road" toward the company introducing afull-blown integrated television in the future. "Apple's digital grid is tough to match and iCloud furtherstrengthens this ecosystem, however, Apple is missing an importantproduct and that is a full blown TV," he said. "We believe thepieces are in place for a launch over the next year, driving anentirely new $100 billion market opportunity, while furtherstrengthening the company's digital grid and providing customerswith a new TV experience." Wall Street darling Apple has already seen its shares rise morethan 45% from the start of the year when shares were trading atjust $411. A blockbuster first fiscal quarter and the subsequentlaunch of the new iPad help boost shares above the $600 milestonefor the first time in the company's history last month. Though shares retreated somewhat last week as investors tookprofits and others weighed the risk of continued investment in thecompany, shares of the company regained their momentum Monday afterWhite issued his note and are currently trading at $610.49, upapproximately $11 (or 2%) from Friday's close. We are high quality suppliers, our products such as China 3mm Wool Felt , Thick Wool Felt for oversee buyer. To know more, please visits Wool Felt Sheets.
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