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$AAPL: Apple AAPL +2.19% shares rallied nearly 2% after Ben Reitzes at Barclays Capital raised the stock’s price target to $525 from $465. The analyst believes that Apple “is about to change the narrative and get investors, analysts, customers and the media finally talking about new products again.”
What is this talking head talking about? what does he know that we don't know? something WOW coming from Apple? WHAT is it?
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Translation: Ben Reitzes thinks Apple is about to come out with another "game changer" device (like the iPod was, the iPhone was, and the iPad was...).
I don't necessarily think such a release is imminent. I don't doubt that Apple will do it again, but I suspect it won't be this year.
Of course I could be wrong.
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He's talking about the hundreds of millions (billions?) of dollars of AAPL that he and his friends purchased while it was on sale. Now he's boosting the price so they can all buy an island somewhere. But that's just a guess (probably a disturbingly accurate guess though)
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Didn't Tim Cook mention new product categories in the last quarterly earnings meeting. He also talked about upcoming mind-blowing products at the last shareholders' meeting.
http://www.forbes.com/sites/connieguglie...your-mind/
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"Ben Reitzes at Barclays Capital raised the stock’s price target to $525 from $465."
Or he noticed that his target of $465 was about to be passed, and needed a higher target.
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samintx wrote:
you are correct but I hope Tim isn't talking about Google glasses for Apple.
Apple's will be rose colored.
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TheTominator wrote:
[quote=samintx]
you are correct but I hope Tim isn't talking about Google glasses for Apple.
Apple's will be rose colored.
"And TheTominator swings and connects, it's going.. going... it's GONE! "