Apple stock has been on a steep rise the last month but may not be anywhere near the top yet.
( AAPL Stock Prices History – Two Years )
According to Piper Jaffray analyst Gene Munster, via Mac Observer, the target price for Apple stock is from $160 to $205, $20 to $60 above current trading. Munster is estimating 45 million iPhone sold for calendar year 2009 and also believes that AT&T is paying Apple $3 per month for every customer that has an iPhone contract.
An interesting statement from Munster; “One thing we learned with the iPod is that when a device is game-changing, the demand will come.”
That’s a good description for the iPhone…game-changing!
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