Apple Given “Buy” Rating by Needham & Co (NASDAQ: AAPL)
ByApple (NASDAQ: AAPL) was given a “buy” rating by shares of Needham & Co, with a price target of $375.00 citing apple’s revamped line of iPods for the holiday season.
Apple Inc. (Apple) designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, and sells a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, and third-party wholesalers, resellers, and value-added resellers. In addition, the Company sells a variety of third-party Macintosh (Mac), iPhone and iPod compatible products, including application software, printers, storage devices, speakers, headphones, and various other accessories and peripherals through its online and retail stores, and digital content and applications through the iTunes Store. The Company sells to consumer, small and mid-sized business (SMB), education, enterprise, government and creative customers. In December 2009, the Company acquired digital music service Lala.
Shares of AAPL traded up 0.29% hitting $251.06 during mid-day trading on Thursday.
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