iPhone - a day later - AAPL continues to climb

Posted Jan 10th 2007 12:15PM by Melly Alazraki
Filed under: Analyst Upgrades and Downgrades, Good news, From the Boards, Products and Services, Consumer Experience, Apple Inc (AAPL), Research in Motion (RIMM), Palm Inc (PALM), iPhone

Not surprisingly, Apple Computer Inc. (NASDAQ:AAPL) shares are the most active ones on the market today, surpassing even the Nasdaq Trust shares volume earlier in the morning. AAPL shares continue their climb, gaining another 5% in value.

Some have mentioned that the iPhone isn't that "smart" -- Brian White will be expanding on that point. Therefore, Research in Motion Ltd. (NASDAQ:RIMM) and Palm Inc. (NASDAQ:PALM) shouldn't worry so much as the heavy business users will most likely have to continue to use the Treo and the Blackberry.

RIMM, which lost nearly 8% of its value yesterday is rebounding somewhat today. RIMM shares up more than 2%. PALM, which lost over 5.5% yesterday on the news, is also positive today. PALM shares are up 0.5%.

There wasn't a flurry of upgrades for Apple, but there were many price target adjustments from Prudential - $90, Merrill Lynch - $112, UBS - $118, Bear Stearns - $120, Credit Suisse - $120 and Deutsche Securities - $125.

There is also more concern over the price tag, but it seems that -- assuming the market is reading consumers' desires correctly -- the iPhone will be a hit when it comes out in about six months.

Tags: apple, blackberry, iphone, palm, treo

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Reader Comments (Page 1 of 1)

1-10-2007 @ 3:00PM

Alan said...

Just wanted to add my comments on Apple. I posted several weeks ago that the Iphone announcement would be made (was suppposed to be post MacWorld), but the date was moved up due to all of the anticipation. The one thing that won't be announced officially until the next board meeting is a planned 2 for 1 stock split, which will add more upside to the recent run up. Just a heads up from a friend, since I enjoy reading and watching this site.