Apple excited about Macs, iPhone, Apple TV
updated 05:30 pm EDT, Tue May 8, 2007
Analyst speaks with Apple
Research firm UBS met with Apple today to discuss the component cost environment & margin implications, prospects for Mac momentum, status of the iPhone, and the sustainability of Apple's iTunes franchise. "Apple seems very upbeat about prospects for the iPhone, Macs and Apple TV," wrote UBS analyst Ben Reitzes in a research note obtained by MacNN. "While the iPhone launch in June should garner significant attention, we believe that investors should also focus on prospects for continued Mac momentum with new products and the ability for Apple TV to become more of a DVD player replacement over the next few years." The analyst also believes UBS estimates could prove conservative, given Mac momentum and new products leading into 2008. UBS is estimating $0.70 on revenue growth of 20 percent to $5.22 billion in the third quarter of this year. UBS holds a price target of $133 on Apple shares, and is reiterating its "Buy 2" rating.
Fresh-Faced Recruit
Joined: Aug 2001
very upbeat?
Apple seems upbeat about it's products? Gosh, I'm so glad we have highly-paid analysts to share such insightful remarks with us. I might have otherwise thought that Apple was feeling kind of morose about all the stuff their producing, the continuing rule of iPod, the success of the retail stores...
zzzzzzzzzz.