Bullish Barclays Capital Raises Apple Outlook With Prospect of Tablet, iPhones in China and 2010 iPhone Improvements
In a note to clients, Barclays Capital raised its target price for Apple shares from $188 to $208, reports Fortune.
The company’s optimism was based on the near-term prospects of new iPods with cameras, new low-end MacBooks and a deal to bring iPhones to China and the 2010 prospects of a tablet computer, an upgrade to Apple TV and a new iPhone upgrade cycle.
“We believe more can be done with product width, battery life, speakers, gaming controls and more,” Barclays Capital analyst Ben Reitzes says in his note, reports Fortune. “Also, many developers realize that Apps may need to be recompiled for new screen sizes and Apple may be taking steps behind the scenes to ease any transition.”
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