Wall Street going gaga over iPhone sales, projections skyrocket
After Apple's historic holiday quarter, Wall Street analysts (for the most part) are champing at the bit to raise predictions for AAPL, citing overwhelmingly strong iPhone and iPad sales last year and high expectations for new product releases this year.
According to a report by The Apple Blog, several analysts think Apple is still on the rise, giving its stock evaluation anywhere from a $550 to a $666 target for the coming year. Apple's guidance for the second quarter was surprisingly high given its typically conservative nature, but analyst Shaw Wu believes that could be due to the … Read more