Apple (AAPL): 'Nothing short of amazing' - Steven Halpern

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Apple (AAPL): 'Nothing short of amazing'
Oct 21, 2009 03:30 PM UTC

Steven Halpern

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AAPL		10/21/09	-4.13%	--

Via BloggingStocks:

Filed under: Earnings reports, Apple Inc (AAPL), Newsletters, iPhone, Stocks to Buy

"Apple (NASDAQ: AAPL), a holding on our recommended buy list, delivered another blowout quarter, driven by booming sales of both the iPhone and its Macintosh computers," notes analyst Geoffrey Seiler.

In his BullMarket.com advisory, he suggests, "Overall, Apple's results are nothing short of amazing." Here, he provides an in-depth analysis of the quarter, his outlook, and the reasoning behind the boost to his longer-term price target to $270 a share.

"Apple sold 7.4 million iPhones in the quarter, 7% more than the year-ago quarter, and 3.05 million Macs, a 17% year-over-year increase. The end result was that the company posted a whopping 47% increase in Q4 net income.

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Apple (AAPL): 'Nothing short of amazing' originally appeared on BloggingStocks on Wed, 21 Oct 2009 10:30:00 EST. Please see our terms for use of feeds.

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