• Apple About to Touch Even More of Our Time

    On Monday morning, prominent Morgan Stanley analyst Katy Huberty shared her bold prediction for AAPL -- it's going up. And in a big way.

    With shares of AAPL less than $0.50 short of $130 as of this writing, Huberty has upped her 12-month price target on AAPL to $160. What's behind the optimism?

    "In a major report issued Monday that finds potential for growth in nearly every aspect of Apple’s operations, Morgan Stanley’s Katy Huberty estimates that the company’s total addressable market — the business Apple might capture if it had no competitors — could grow from $800 billion today to $3.4 trillion (repeat, trillion) by 2020," Fortune reports.

    In short, Huberty believes Apple will simply grow to become a bigger part of our daily lives. Although Apple devices like iPhones, iPads and Macs already touch dozens of hours weekly, this will be nothing compared to how much of our time Apple permeates in the future, when Apple Watch is ubiquitous, Apple TV's reach into our homes expands, and the car ultimately becomes a so-called fourth screen (which can happen even if Apple doesn't physically manufacture an automobile).

    According to the report, Huberty believes that Apple is already "touching" approximately one-third of its users’ time (not to mention another estimated three-quarters of their free time).

    Source: Fortune
    This article was originally published in forum thread: Apple About to Touch Even More of Our Time started by Michael Essany View original post
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