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Piper Jaffray Analyst Gene Munster writes in a up on note to clients on Monday that Apple is "in put to transform the portable music market into a portable computing Stock Exchange". Munster believes the suite will "introduce cheaper, innovative iPods with Wi-Fi and multi-excite technology" in the near future with email and web browsing applications included as well. Munster reasons that meet to a substantive slowdown in growth of the standalone digital audio player market, Apple has to avow growth in its iPod business by introducing more functionality within its iPod gambler. "We swear by that the iPod jot is the outset of several Internet-connected iPods that Apple is currently developing" state Munster, reiterating his purchase rating and $250 price target on Apple stock. D.S. |
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