|
Shares of Apple have been projected to reach $1,000 in calendaryear 2014, which would give the company a market capitalization ofabout a trillion dollars, making it the first company to ever reachthat milestone. Analyst Gene Munster with Piper Jaffray raised his 12-month pricetarget for AAPL stock to $910 on Tuesday, up from his previousprediction of $718. He sees shares of the company reaching the$1,000 mark just beyond his one-year price target window. As it has for years, the iPhone will continue to drive Apple'sgrowth going forward, Munster believes. He sees at least 70 percentof all two-year-old iPhone owners upgrading in a given quarter. "That suggests 33% of iPhones in a given quarter through 2015 are'in the bag,'" he said. "We believe this is conservative given itexpects an average iPhone life of 24 months." Piper Jaffray's surveys found that 30 percent of iPhone 4S buyersat launch were upgrading from an iPhone 4, which suggests theupgrade window for those users is closer to 21 months. "If we assume an average iPhone life of 21 months, and 85% of usersupgrade to a new iPhone, that implies 45% of iPhones through 2015are 'in the bag,'" he wrote. For the March quarter, Munster sees Apple selling 33 millioniPhones, which is a 10 percent increase from his previousprediction of 30 million. He expects the iPhone will have anaverage selling price of $630. "We believe demand remains strong for the iPhone 4S based on globalstore checks and momentum from the 3rd-gen iPad launch," he said.His estimates are slightly ahead of Wall Street's expectations of30 million iPhones for the March quarter. Munster's discussion of a $1,000-per-share value of Apple came justa day after analyst Brian White with Topkea Capital Markets said heexpects shares of AAPL to reach $1,001. He sees the price being driven largely by the $100 billionopportunity in the television market, which Apple is widelyexpected to enter in the next year. Also this week, Mark Moskowitz with J.P. Morgan increased hisDecember 2012 price target to $715 , up from his previous prediction of $625. He sees Apple selling31.1 million iPhones and 13.8 million iPads in the March quarter. Apple is scheduled to reveal its earnings for the March 2012quarter on April 24 after markets close. A conference call with analysts will occur at2 p.m. Pacific, 5 p.m. Eastern. I am an expert from uninterrupted-power-supply.com, while we provides the quality product, such as China 0.9 Output Power Factor UPS , Product Showcase, Line Interactive UPS,and more.
Related Articles -
China 0.9 Output Power Factor UPS, Product Showcase,
|
