Sunday, October 28, 2007

Over $800 for an iPhone

Really interesting piece in the NYTimes about a Piper Jaffray estimate of the value to Apple of each iPhone, including the phone itself and the annuity from AT&T. LINK. An excerpt:
As a result of this analysis, his estimate of Apple’s 2009 revenue increases from $36.2 billion to $42.8 billion. And the company’s net income per share increased by 14 percent. The bottom line: Mr. Munster’s target price for Apple’s stock, which today sells for around $184, goes to $250. (He had it pegged at $220).
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