Two years ago, analyst Abhinav Davuluri rated Apple's moat as "narrow" and gave it a fair value of $71. Now he calls the same moat "wide" and gives Apple a fair value of $150.
Philip Elmer-DeWitt has been covering Apple since 1983 — mostly for Time Magazine (28 years), later for Fortune (9 years), where he wrote a daily blog called Apple 2.0. [Read more.]