He did the math three ways.
Read More How Toni figures Google pays Apple $3B for default search
"Apple investors focus will be squarely on Q4 guidance."
Read More Sacconaghi raises Apple price target ahead of Q3 earnings
From a note to clients by Bernstein analyst Toni Sacconaghi that crossed my desk today.
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Sacconaghi hikes Apple price target to $160
8 years ago
8 years agoWhen Bernstein's Toni Sacconaghi talks, Apple investors listen.
To reach $49 billion by 2020 Apple needs a new source of Services revenue.
Apple: Sacconaghi urges calm on CNBC (video)
8 years ago
8 years agoAhead of earnings, Bernstein analyst Toni Sacconaghi defends his $140 price target.
Can Apple emerge from the ashes?
9 years ago
9 years ago"The iPhone has peaked? Are you kidding me? Not on your nelly."
Is the age of Apple over?
Read More Sacconaghi: Apple's best days are behind it (video)
Tax relief, says Toni Sacconaghi, is gift that gives more to some than to others.
Read More Trump's corporate tax cuts: Winners, losers and Apple
But there's more than one way to absorb a company. Dreaming up new ways to spend Apple's billions is a parlor game that never gets old. One well-trodden idea…
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