Tuesday, March 30, 2010

AAPL Closes Above Price Target

Apple closed at $235.84 a share, crossing above our target price of $235.00 per share. This weekend marks the opening sale of Apple's iPad devices on April 3rd. Street consensus for unit sales are around 3-4 million for the year, with more optimistic expectations from Goldman and Morgan closer to 6 million. According to the Motley Fool, suppliers are expecting to ship 8-10 million units in 2010.

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