thompson

Goldman Raises Apple's Price Target on 3G iPhone Launch

@samij-

You are failing to distinguish between the "cell phone" market, in which Apple barely registers, and the "smart phone" market, in which they are serious competitors, and may soon be dominating.

The smart phone market is much much smaller than the general cell phone market, but as we move into the future, the smart phone market is going to undergo tremendous growth. Apple's iPhone will be leading that growth. They may never rival the unit sales of the cell phone Giants, but in terms of revenue and/or profit, Apple is going to be very big.

Thompson