Apple to produce 'cheaper, innovative iPods with Wi-Fi and multi-touch technology' soon?
“We believe that the iPod touch is the first of several Internet-connected iPods that Apple is currently developing. With 70% market share, we believe Apple is in the driver’s seat in terms of transforming the portable music market into a portable computing market,”
Munster says that the MP3 player market is slowing and that for Apple’s stock to hit its $250 price target (it’s currently trading at around $130 or so) it’ll likely “introduce cheaper, innovative iPods with Wi-Fi and multi-touch technology,” according to Thomson Financial News.
Apple gains in premarket; Piper Jaffray reiterates buy, $250 price target [CNN/Thompson Financial News]