Morgan Stanley now pricing AAPL stock near a $1000 bull valuation on 2H LTE iPhone, enterprise and emerging markets

Morgan Stanley now pricing AAPL stock near a $1000 bull valuation on 2H LTE iPhone, enterprise and emerging markets:

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Fortune reports on a research note put out by Morgan Stanley’s Katy Huberty in which she raised Apple’s price projections from $515 to $720.  She noted however that the bull case for a $960 valuation for AAPL out over the next year.
The reason for such a high valuation:

“We believe Apple’s earnings power is potentially far greater than investors believe and our prior bull case model suggested,” she wrote citing three main factors:

• 1) Enterprise tablet adoption combined with demand upside from lower-priced iPad.
• 2) iPhone estimates don’t credit Apple for the potential share gains when it launches an LTE-capable device in 2H12.
• 3) China and other emerging markets, like Brazil, remain huge untapped markets.

More at Fortune.

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