NEW YORK (TheStreet) -- Samsung
(SSNLF) is dead and Apple
(AAPL) has killed it.
Rob Cira, analyst at Evercore Partners, raised his price target on Apple Wednesday to $115 from $100. Apple shares are at $93.50, up close to 17% for the year to date including 25% gains since Apple reported fiscal second-quarter earnings in April.
In his note he says, "We see Apple creating its own growth through uniquely innovative hardware+software with integrated services vs. a sea of otherwise commodity devices."
It's his reference to "sea of commodity devices" that tells me Apple has finally killed off Samsung. And two years ago, CEO Tim Cook told you exactly how Apple planned to do it.
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