Here are your Apple rumors and news items for Friday: $540: Wall street
analysts had been predicting that Apple's (NASDAQ: AAPL ) stock would break
the $400 barrier since early 2010. Now that the milestone has been passed
(although shares are down to $366 with the market's recent tanking), whats the
next goal? According to Needham analyst Charlie Wolf, the new target is $540.
Quoted in a report at Apple Insider , Wolf raised his 12-month price target for
Apple to that level from $450. The reason for the boost is Wolf's greater
expectations for Mac and App Store revenue, as well as a major increase in iPad
shipments in 2012. Wolf believes that Apple will ship more than 54 million
tablets next year. Your Battery Isnt Dead, Just Hacked: Tech hacker Charlie
Miller claims he can remotely shut down a Mac laptops battery or maybe even
cause it to explode. Miller gave a presentation at the Black Hat security
conference in Las Vegas and broke down just how vulnerable Apples products are
to malicious attacks. The aforementioned battery manipulation can be
accomplished by simply changing how the computer itself and the chip that
activates battery charging interact. Miller went on to say that he believes Macs
are now more secure thanks to the new Lion operating system. Nothing like the
threat of explosions to boost sales. TouchPad Gets Cheaper: Hewlett-Packard s
(NYSE: HPQ ) iPad competitor is having a slow start, and after just one month on
shelves, the 16-GB TouchPad has dropped in price to $399 from $499. The 32-GB
model, originally retailing at $599, is being sold by outlets like Costco
(NASDAQ: COST ) for just $479. Can beating Apple on price help H-Ps tablet get
off the ground? Maybe. As of this writing, Anthony John Agnello did not own a
position in any of the stocks named here. Follow him on Twitter at
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