Kaufman Brothers analyst Shaw Wu said in a note to clients — as reported by “Barron’s (http://blogs.barrons.com/techtraderdaily/2010/12/16/apple-kaufman-ups-target-to-395/?mod=yahoobarrons) — that he’s raised his price target on shares of Apple to US $395 from $380. He says momentum for the iPhone and iPad appear better recently than he’d predicted.
Wu also says Black Friday shopping madness has carried over, leading to shortages of the iPod and the MacBook Air. For the fiscal quarter that ends this month, the analyst now sees: Apple selling 4.2 million Macs, up from 4 million; 6.1 million iPads (up from 5.5 million), 16 million iPhones (up from 15.5 million), and 17 million iPods, up from 16 million.