07.16.07 - 12:49pm
Piper Jaffray analyst Gene Munster is maintaining his “Outperform” rating and a $160 target price on Apple’s stock as he predicts that Apple will report revenue above Wall Street’s US $5.3 billion estimate for June quarterly earnings.
Regarding the iPhone he said, “We have modeled for 200,000 iPhone shipments in the June quarter and the Street is modeled at about 330,000, but we believe Apple may have sold as many as 500,000 in the first weekend.”
He also says that Apple will most likely have sold more than 1.6 million Macs for the quarter and 10 million iPods beating Wall Street’s expectations for both.
Apple’s stock is currently trading at $138.02.
Category: apple | Tags: apple, iPhone, ipods, macs, munster, piper_jaffray, quarterly_earnings, target_price, wall_street | Be the First to Comment »
07.10.07 - 02:26pm
Gene Munster, the well known Piper Jaffray analyst, is expecting the current iPod to soon be morphed into a new iPod with the iPhone’s touch screen interface.
“We believe the iPhone reveals much of what the iPod will soon be,” Munster stated. “Specifically, we expect Apple to release high capacity iPods based on OS X sometime during or before Macworld ‘08 in January.”
Munster says that he expects the new larger screen iPods to be priced around $299. He does not expect them to have internet capabilities.
Munster also says that he does not expect the iPhone to cannibalize iPod sales, simply because, “most of the current iPod base is simply looking for a better iPod.”
The video iPod is due for a redesign as it has not happened since it was first launched in October, 2005.
Category: iPod | Tags: iPod, macworld, munster, piper_jaffray, touch_screen_interface, video | Be the First to Comment »
