Gene Munster Says Apple (AAPL) Has Rebounded Fast

July 21, 2009 4:42 PM EDT

Piper Jaffray's Gene Munster says Apple (Nasdaq: AAPL) has rebounded and rebounded fast. Munster is mystified as to how Apple has been able to maintain its margins of 36.3% up from 34.3% in the year-ago quarter. Munster was also impressed with Apple selling 2.6 million Macs, which is up from his previous estimate.

Munster said he would continue to be a buyer of Apple stock in $150+ range. Oh, on one final note, Apple's quarterly iPhones sold were 5.2 million, representing 626% unit growth over the year-ago quarter.

Subscribe to EasyStockAlerts.com Now & Get The News Before Everyone Else!


Related Categories

Analyst Comments
Insiders' Blog

Stocks Mentioned

AAPL 199.91

-0.68 -0.34%
Volume: 15,168,788
Track AAPL


Related Entities



Comments

timing
Saied Mohammed on Jul 23, 2009 12:49 AM

tHE TIMING WAS RIGHT FOR Apple I have both RIM & AAPL, but I don't think justice was done to RIM. which increased it's revenue yoy more than Apple. RIM dropped but AAPL jumped -- break even for me.


Add Your Comment