Apple stock: forget $300, make that $600
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Apple stock: forget $300, make that $600

Stephen Coleman, chief investment officer at Daedalus Capital, which owns about $7 million of Apple shares, projects the stock will hit that number in 18 months. "There's so much growth to look forward to for the iPhone,'' he told [url=http://www.bloomberg.com/apps/news?pid=20601087&sid=aJ1SKCygmMDk&refer=home]Bloomberg[/url].

Apple gets about 30 percent of the iPhone fees charged by carriers, Coleman said. Wall Street analysts' estimates range between 5 percent and 20 percent, he told Bloomberg. Neff was among at least 10 analysts who raised their price estimates for Apple above $200 in October.

What's more, the iPhone has helped Apple evolve from "a company dependent on one hit product to one with multiple growth engines,'' Andy Neff, an analyst with Bear Stearns & Co., wrote in a Dec. 6 note. He raised his share-price estimate to $249 from $243 and his earnings projection for the year ending in September by 2.9 percent to $5.40 a share.

 
AAPL
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Apple Inc.
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Google Inc.
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Microsoft Corpora
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