Apple ?Only? Worth $502
Apple announced its earnings Tuesday beating its own guidance though it failed to live up to lofty consensus estimates for the first time in years as iPhone sales showed a decline of more than 3 million quarter-on-quarter. We have revised our Apple estimates slightly lower to $502, which is about 25% above market price.
Source: http://www.forbes.com/sites/greatspeculations/2011/10/21/apple-only-worth-502/
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