In expectation of increased revenue due to the imminent iPhone 3G, investment banking firm Morgan Stanley has increased it’s price target projections of Apple’s stock from $185 to $200 per share. Their increase comes out of the speculation that iPhone sales will double with the introduction of the new iPhone 3G next month. They believe that the new low pricing will serve to further increase the demand for the iPhone, while at the same time driving up sales to and estimated 27 million units by the end of the 2009 calendar year.
-Jameson
[Source: iLounge]
