Apple Thoughts: iPhone Gross Profit Margins Close to 60%

"Bernstein Research's Toni Sacconaghi issued a 13-page report last week in which he estimated that the iPhone's gross profit margins were an astounding 57.8%. Those margins tower above Apple's competitors with RIM estimated to have 43% profit margins, Nokia 33%, Motorola 32%, and HTC 31.7%."

And while it may decline in the future per The Street, Saconaghi thinks it will increase since prices have increased since Q3 2009 to Q1 2010, from $588.00 USD to $638.00 USD, and demand doesn't seem to be subsiding. He also sets a target stock price of $250.00 USD. Well, let's see what June brings.