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"Attempting to analyze Apple through the general mediocrity of the industry they're part of, is just not the way to look at Apple..."

  Thursday, December 10, 2009
CNN:

Apple Shares Get Boost From Tablet, iPhone Talk

SAN FRANCISCO -(Dow Jones)- A pair of research notes pushed Apple Inc. (AAPL) shares nearly 4.2% higher on Wednesday, as analysts weighed in on an expected tablet computer and a potential new iPhone deal.

One note, from Oppenheimer & Co., suggested a more concrete time frame for a long-speculated, but as yet unconfirmed, Apple tablet that could compete with e- readers from Amazon.com Inc. (AMZN), Sony Corp. (SNE) and Barnes & Noble Inc. ( BKS). The other note, from Piper Jaffray & Co., bolstered investor confidence that Apple can boost sales of its popular iPhone even as competitors roll out similar smartphones.

The notes and price jump come as Apple continues to stand out in the technology sector. Since the beginning of the year, shares of Cupertino, Calif.- based Apple have more than doubled.

On Wednesday, Apple shares closed up $7.93 to $197.80. Pre market they are now at 199.67

Shares first got a lift when Oppenheimer suggested Apple will ramp up manufacturing of the expected tablet computer in February, which implies the company might bring it to market by late March or April. That, the firm said, could potentially add an additional 50 cents to 75 cents to earnings per share during the second half of 2010.

In the mid-afternoon, Apple shares got another boost when Piper Jaffray analysts said there was a 70% probability that Apple would bring the iPhone to carrier Verizon Wireless, a joint venture of Verizon Communications Inc. (VZ) and Vodafone Group PLC (VOD). Piper analysts also noted any such deal would more than double the iPhone's current addressable U.S. market.

Currently, Apple has an exclusive deal with AT&T Inc. (T) for the iPhone.

After the note was published, Apple shares added roughly 2.3%. 2:49:19 PM    




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