First Albany raised Apple Computer‘s (AAPL) price target to $44 from $35 due to the belief that fiscal fourth-quarter earnings iPod unit sales and will exceed current estimates. If you don’t own any Apple stock now, it might be a good time to buy.
With the increase in iPod purchases everyday and more people utilizing Apple’s revolution of consumer digital music tools (namely the iTunes Store and the iPod in particular), I feel that shareholders will be very happy with Apple. The company can innovate better than any other and their products are finding their way to millions of music enthusiasts hearts everyday.
Frank Wilson is a retired teacher with over 30 years of combined experience in the education, small business technology, and real estate business. He now blogs as a hobby and spends most days tinkering with old computers. Wilson is passionate about tech, enjoys fishing, and loves drinking beer.