Seems like Apple has some big revenue plans for 2010 and the managing director of Mcquarie Research, Phil Cusick, has stressed that Apple is a good investment in the current market reports an article over on 9to5mac.
Cusick put a target of $250 on Apple stock, with CNBC’s Simon Hobbs stating “That’s a hella’va call…20% upside from here?”
Cusick believes Apple will climb some 25% in its current financial year and states that the real number to watch is the NON-GAAP figure which is closer to what Apple will report in 2010 when they shift accounting a little.
Brian Marshall, a Broadpoint AmTech analyst estimates the iPhone will bring in $20 billion to Apple’s revenue during 2010. Just so you can get the full spec here we have a video on the subject for your viewing pleasure which can be watched below.