More Videos
- RIM's BlackBerry Storm Worth The Hype?
- Dell: Earnings Show Cost Cutting Measures Working
- Tech Check Gift And Gadget Guide, Vol. 1
- Xbox Vs. PlayStation With Netflix Caught In The Middle
- Yahoo Needs More Than Yang's Leaving To Recover
- Yang Out And About Time: So Now What For Yahoo?
- Facebook and Google's Dot Com Holiday Blues
- Apple Investors' Hope for the Holidays
- Intel's "Dramatic" Warning—Was It Really A Surprise?
- Apple iPhone Gets The Business From Citrix
- Out with Cox, in with Uptick Rule
- Pops & Drops: Hewlett-Packard, JP Morgan & Air Wagoner
- Mad Money Green Week: Owens Corning
- Fast & Furious: It's All About Soup
- Web Extra: The Trade on Walmart and RIMM
- Chartology: Grossly Oversold and Favoring the Upside
- The "Armageddon" Gameplan
- What's Next for Citigroup?
- What to Expect From a Geithner-led Treasury
- Citigroup Update: Government Looking To Buy Assets
- Saudi Arabia Forced To Slash Interest Cuts By Crisis
- Asia-Pacific Summit Continues Drumbeat Of Economic Woes
- Global Markets Want Catalysts For Buying This Week
- Economic Team Obama: Will It Help Settle Markets?
- American, Asian Leaders Push Free Trade To End Crisis
- Citigroup Update: Reports Emerge Of Possible Plan
- Soros: More Money Needed For U.S. Bailout
- HP Earnings: How Much Will "Hurt" From Economy?
Text Size 
 |
Manuel Balce Ceneta |
Analyst Andy Hargreaves focuses on Apple's [AAPL
Loading...
()
] iPhone and its momentum in the marketplace, even in the face of the oncoming Blackberry Bold from Research in Motion [RIMM
Loading...
()
], and the upcoming Palm [PALM
Loading...
()
] Treo Pro running Windows Mobile 6.1 from Microsoft [MSFT
Loading...
()
].
Hargreaves reports this morning that Apple's iPhone "browser share has nearly doubled to 0.31% since the 3G launch." It's a key metric that shows market penetration and customer use. Says Hargreaves: "Accelerating web usage highlights iPhone’s key long-term advantages."
For that reason, and Apple's new distribution deal with Best Buy [BBY
Loading...
()
], he suspects Apple will easily sell more than the 3.5 million iPhones in its third quarter that Wall Street expects.
And if you accept the premise that mobile will be everything in tech in the very near future, and that Apple isn't merely offering a me-too smart phone, but a new Apple platform to take advantage of that trend, then Hargreaves' assessment is quite literally right on the money.
I think Wall Street is finally coming around to the longer term prospects for Apple, focusing on the technology this company is developing and the trends they address. The key for investors is that those so-called "long-term" prospects are already here, and yet the stock hovers in a very narrow range.
There's a reason why so many targets are above $200 a share (and why Hargreaves sits at $235 this morning): Consumers seem to know what some investors are having trouble grasping -- or believing: that Apple might be positioned better in so many key markets than any of its competitors.
Does that mean Apple hits those $200-plus targets today? Tomorrow? Next week? Probably not. But the targets are more than realistic. And based on trends and technology, likely sooner than later.
Questions? Comments?
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes