Oppenheimer’s analysts have raised the target stock price from $330 citing strong expectations of iPhone 4 sales, the anticipation of new carriers, continued growth of Mac sales and greater than anticipated iPad sales. �Our own forecasts would agree with Oppenheimer’s expectations of strong sales of Apple hardware. � I would add that I believe the sales of iPads will be slightly higher than people are expecting. �Right now expectations of iPad sales for the third quarter are conservatively in the 5 million range and �I feel the third quarter shipments will be in the 6-7 million range. �Apple holds their Q3 earnings call on Oct 18th and I will write a full analysis of the numbers after the call.
Yair Reiner is quoted in the report saying:
“Apple’s stock has performed admirably this year (up 37% YTD),” he writes, “but it has significantly lagged the improvement in the company’s fundamentals, which have driven FY10 consensus EPS estimates up by 75% since January.”
Apple is continuing to beat expectations while maintaining profit margin. � Even with the rise of other market threats Apple continues to see overall growth. �I am interested to see iPod sales for the third quarter to see whether the iPhone or the iPad have eaten into the iPod business.
[Source Forbes]
Relevant Entries on SlashGear
- iPhone 3GS 8GB incoming to replace out-of-stock 3G 8GB?
- Apple tracking iPhones through weather and stock applications
- Apple Store is down: iPod price cuts on the way?
- AT&T iPhone 3G “out of stock” ahead of iPhone HD debut
- Apple iPod shortage could be on the horizon
No comments:
Post a Comment