Apple Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Inc.

AAPL 269.95

-0.7%

1:14 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: slacker711 who wrote (75758)	6/18/2008 7:14:49 AM
From: slacker711	Read Replies (1) of 213177

Morgan Stanley says Apple's iPhone sales may double in '09 biz.yahoo.com Wednesday June 18, 4:19 am ET (Reuters) - Morgan Stanley raised its price target on Apple Inc (NasdaqGS:AAPL - News) shares to $210 from $185, saying it expects the company's iPhone unit sales to double in 2009 at the new $199 price point. ADVERTISEMENT "We believe the market generally expects a doubling of iPhone units with the lower price point ($199) and we believe this is realistic, if not conservative," the investment bank said in a note. Morgan Stanley expects 27 million iPhones to be sold in calendar year 2009 with an average revenue of $550 per unit. The investment bank said Apple's operating leverage remains understated and the mass market price and distribution of the new 3G iPhone will be a key driver of higher margin software and service revenues over time. Shares of Apple closed at $181.43 Tuesday on Nasdaq. (Reporting by Ratul Ray Chaudhuri in Bangalore; Editing by Vinu Pilakkott)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next