In an inaugural research note to clients — as reported by “AppleInsider” (http://www.appleinsider.com) — Topeko Capital Markets analyst Brain White puts an US$1,001 price target on Apple’s shares because “the ‘Apple story’ has a long way to play out over the coming years despite the company’s already dominate market position.”
The analyst says the next 12-18 months should serve as a “particularly exciting” time. In particular White sees:
° The 1080p Apple TV set-top box as another step toward Apple rolling out its own branded HDTV (whichould could be a $100 billion market opportunity);
° Apple continuing to capitalize on the rise of mobile Internet around the world, especially in China;
° Apple offering “an ever expanding portfolio of innovative products, a growing integrated digital grid, unmatched aesthetics and a brand that is able to touch the soul of consumers of all backgrounds.”
