



With a strong new product pipeline for 2008, including the iPhone 3G, MacBook Air, Mac Pro, iTunes Movie Rentals, and major software upgrade and developer platform for the iPhone 3G, Zacks believes the stock deserves a premium valuation to its peer group. The new iPhone3G should drive increased share of the smartphone market.
"However, we are cautious on consumer spending going into 2008, and believe the market for AAPL's successful iPod line to be slow over the next several years," Zacks says. "We therefore maintain a Hold rating on AAPL shares. At its current price of $175.27 per share, Apple's stock is trading at 33.9x our fiscal 2008 estimate of $5.17. We set our six month price target at $184.00. This represents a P/E multiple of 35.6x our fiscal 2008 estimate, which is still a premium to the industry, but more accurately reflects the current outlook."
"Macsimum News" is a proud supporter of [url=http://planetgumbo.org/]Planet Gumbo[/url], which feeds the hungry. We urge you to help them in their efforts.
Macsimum News has a presence on Facebook. Why not sign up? Log in to [url=http://www.facebook.com/home.php]Facebook[/url], go to Groups and type in Macsimum News to get there from here.



