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Did you hear? The analysts at Morgan Stanley can foreseen the future!
According to 9To5Mac, the all seeing, all knowing analysts at Morgan Stanley have issued a revised $310 per share target on Apple stock, a $35 jump up from the financial services company's last projected target.
After pulling that rabbit out of her hat, Morgan Stanley analyst Katy Huberty showed her audience that there was nothing up her sleeves as a segue into revealing that Apple will sell 61.5 million iPhones this year and that the cost of a 3GS handset will be reduced to $99! With a flash and puff of smoke, Huberty brought the house down by releasing twenty white doves into the air and declaring that 58% of exisiting iPhone users plan on upgrading to Apple's hot new handset.
Is it magic or the mindful calculations of a seasoned financial analyst?
Can't it be both?