Gene Munster made a bold move last week by raising his price target for apple stock from $160 to $205. The decision was not easy though and the analyst has carefully considered what may be in store for Apple and the iPhone.
One very surprising note that was made is in regards to the revenue that Apple is receiving from AT&T for customers using the iPhone, apparently, AT&T is handing over $3 per customer using the iPhone, that $3 is PER MONTH for the duration of the customers contract, thats not all, there’s an addditional $8 per month, this extra revenue combined with actual revenue for hardware sales, plus a superfied halo effect on Macs.
If this all comes true than $205 will look like a bargain a year from now!
