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Apple: Pacific Crest Sees Rising Cash Flow From iPhone

in News on August 19, 2008 at 10:54 am PT

Pacific Crest analyst Andy Hargreaves released a note this morning with a bunch of data points showing the rising importance of Apple’s (AAPL) iPhone in Internet usage. And he implies that the current value of the shares could be closer to $184 than the current $176.15 at which the stock trades.