Bullish reports on Apple this morning, with former ThinkEquity analyst, Vijay Rakesh, commencing coverage on the company with a $300 target for new brokerage, Sterne Agee.
A second report somewhat contentiously predicts Apple and Google will be the only likely survivors of the smartphone OS wars. That prediction underlines the intense nature of the battle between the two former allies. Google CEO, Eric Schmidt, sat on Apple’s board until last year.
Ashok Kumar, an analyst with Rodman & Renshaw, made this assertion in a note to clients released last night. A few bullet points from Barrons report: