toggle

AAPL Stock: 112.01 ( -0.53 )

Printed from http://www.macnn.com

Analysts raises AAPL target, estimates \'halo effect\'

updated 04:30 pm EST, Thu February 24, 2005

AAPL target raised

Needham & Co. analyst Charlie Wolf has raised his target price on Apple from $83 to $104 a share. The firm also raised its earnings per share estimates from $1.85 to $2.00 in fiscal 2005, and from $2.25 to $2.50 in 2006. Wolf reiterated his belief that 11% of Windows users owning iPods will purchase a Mac, and notes that sales at the iTunes Music Store have accelerated to a $450 million annual run rate. "The increase in music sales in combination with a decrease in peripheral sales in our revised model raises Apple's overall gross profits because music sales are much more profitable than peripheral sales," Wolf said. Needham maintains a 'Buy' rating on Apple.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. luxuryluke

    Joined: Dec 1969

    0

    BUY!

    BUY! BUY! BUY! (a la submarine speak)

  1. Kenneth

    Joined: Dec 1969

    0

    hmm

    The numbers are amazing.

  1. ccrider

    Joined: Dec 1969

    0

    wow

    quadrupeled my investment in just over a year..

    Yeeeehaaaaa!

  1. PBG4 User

    Joined: Dec 1969

    0

    Music Sales More Profits?

    I thought Apple netted about $0.04 per song sold. I would hope they make more from each iPod (or even computers, remember them?) sold.

  1. macslut

    Joined: Dec 1969

    0

    11% of 26 million = ____

    If 11% of Windows users who buy iPods switch to Mac, and there are expected to be 26 million iPod purchases this year, that translates into roughly 2.5 million switchers. With this growth/switch rate, I can look forward to raising my son in a world without Windows!!!!

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lackin ...

toggle

Most Commented