Sorry Goldman Sachs, Apple Is A Hardware Company Plain and Simple

Shares of Apple (AAPL) are rising $3 today to $116 after Goldman Sachs added the stock to its “conviction buy list” and raised its price target to $163 per share (from $145). Goldman’s thesis is that Apple is transitioning from a hardware company to a recurring revenue services business, which will allow it to garner a higher earnings multiple on Wall Street (which in turn would lead … Read More → Related Posts: Why Carl Icahn’s $216 Fair Value for Apple is… Apple Shipped 14,000 iPhones Every Hour Last Quarter Apple Shares Now Nearly As Cheap As Microsoft: Which Would… Alright Apple, Let’s Tackle This Cash Issue Once And… Wow: Apple’s Round Trip Back Below $450 Brings…