There's a question as to whether Apple is still innovative enough.Daniel Ernst of Hudson Square Research says Apple is growing revenues 60%,with a 2% dividend yield.It's probably the fastest growing company in technology today.The recent Apple announcements show an improvement in their ecosystem.They significantly raised the bar for their competitors.Now Apple's Siri feature,the digital assistant and knowledge navigator built into the iPhone 4S,can find information that's not on the web,which Google can't.Apple is also updating the Macintosh computer line.
Investors are fixated on the next big thing,but these things tend to run in cycles,Mr.Ernst points out.Hudson Square has a 700 dollar price target on Apple,with a buy recommendation.
Hudson Square Research serves institutional clients with fundamental equity research,assessing valuation,risk and opportunity.Based in New York,they focus on the technology,media,telecom and consumer sectors.The company was founded in 2004.
Apple(AAPL)
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