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 »
06.13.07 - 04:10pm
Apple’s shares have dropped sharply following news on Wednesday that the new web browser Safari had numerous bugs, on what many perceived as a lackluster keynote speech by Steve Jobs at the WWDC, and on fears that the iPhone won’t live up to the hype.
Apple’s stock has been on an unprecedented rise with the continued build-up of the iPhone but all of a sudden investors seem to have become edgy.
The stocked dropped to 116.05 in afternoon trading on Wednesday down from highs of $127.61. Andy Hargreaves an analyst with Pacific Crest Securities blames it on anxiety over the iPhone’s capabilities. He said, “It’s because of the launch date announcement, it’s because of people getting a little bit of a closer look at the iPhone through demonstrations and what not, and thinking it’s not going to live up to all the hype.”
Category: apple | Tags: apple, iPhone, steve_jobs, target_price, thinkequity_partners, wwdc | Be the First to Comment »
06.07.07 - 12:29pm
“We believe Apple can sell 45 million iPhones in calendar year 2009,” said analysts from Piper. “While this may seem like a bold prediction, we believe a number in this area is not as far of a reach as some may think.”
And with these bold words Apple’s stock is on the rise again reaching an all time high of 127.61 so far today.
Senior analysts Gene Munster and Michael Olsen back their 45 million iPhone expectations saying that Apple will seize a 7 percent market share in North America and a 2.8 percent market share in the rest of the globe.
“We assume Street pricing on iPhone will have dropped to $338 by calendar year 2009 from $542 in calendar year 2007. Additionally, it is critical to keep in mind that the iPhone will be a combo device (iPod and mobile handset), which will attract more than just a mobile phone customer,” said the analysts. “We believe we have factored cannibalization of iPod from iPhone into our model by lowering iPod growth rates from 35 percent or more year-over-year growth in fiscal year 2007 (and prior years) to 10-15 percent year-over-year in fiscal year 2008 and fiscal year 2009.”
Category: apple, iPhone | Tags: analysts, apple-stock, iPhone, piper-jaffray, target_price | Be the First to Comment »
03.28.07 - 01:40pm
Today Piper Jaffray has issued a mid-day report regarding iPod sales for 2007. The report shows that iPod sales didn’t quite reach anticipated levels. Sales maxed at only 10.3 million units instead of the estimated 11 to 12 million units, due to a slow-down of sales in
February.
In the past iPod sales have grown in February, usually due to new iPods being announced at MacWorld. This year however only the iPhone was announced, which many would be iPod buyers are waiting for. The iPhone is not due to come out till June. The only “new” iPods released on the market were the colored Shuffles.
Category: apple, iPod | Tags: apple-stock, iPod, piper_jaffray, target_price | Be the First to Comment »
03.14.07 - 12:59pm
Apple stock is currently selling for 89.12 after the iPod jump helped leap it from lows in the $30’s. Analysts have continued to raise the target price on Apple since Christmas with new products such as Apple TV and the much publicized iPhone soon to hit the market.
USB anaylst Ben Reitzes believes Apple’s multi-touch display technology on the iPhone could become more important than the iPod,
as the technology is incorporated into other Apple products and could lead to a touch-screen revolution. He wrote “We believe this ‘Mega-Platform’ could help Apple become an ‘open-ended’ growth story once again with a logical chronology of new products for years to come. We expect multi-touch to be prevalent in Apple’s major hardware products within three to five years — making its way into touch-screen Macs next year. We also expect new touch-screen video iPods, ultra portables, more phones and possibly even TVs in the future.”
Category: apple, iPhone | Tags: apple_products, apple_stock, target_price | Be the First to Comment »
