Needham analyst Charles Wolf this morning raised his price target on Apple to $280, from $235.Wolf (one analyst this reporter respects) says he thinks Mac and iPhone sales are significantly (“materially”) higher than when he made his previous valuation in September.
He also thinks the iPad will be a money-maker for the firm.The analyst also delivered a range of future sales projections for iPhone sales, predicting these will reach 142.5 million sales in 2019 from 37.2 million this year.The figures assume the global smart phone market grows from 170.2 million units in 2009 to 569.8 million in 2019, and that Apple’s market share grows from 15% to 25%.Add
