RBC raises its estimates for smartphone leaders Apple (AAPL +1.5%), Research in Motion (RIMM...


RBC raises its estimates for smartphone leaders Apple (AAPL +1.5%), Research in Motion (RIMM +2.3%) and Palm (PALM +3.9%). Smartphones should reach 35% of global sales by 2012. New targets: $250 for Apple vs. $190 prior. RIM $150 vs. $100. Palm $25 vs. $18.

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  • Anthony Alfidi
    , contributor
    Comments (624) | Send Message
     
    Analysts can't help but project their feelings about the expensive gadgets they own onto the market. Ask your self how newly unemployed Joe Six-Pack is going to scrape together enough moola to buy a smartphone when he's out of job. Consumers are more interested in making their existing stuff last longer. Those stocks IMHO are going to have serious problems meeting those price targets.
    18 Aug 2009, 10:27 AM Reply Like
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