toggle

AAPL Stock: 107.72 ( -5.04 )

Printed from http://www.macnn.com

Analyst predicts large potential iPhone market

updated 03:55 pm EDT, Tue June 3, 2008

Analyst predicts market

As the WWDC approaches, excitement for the 3G iPhone builds, and industry analysts predict that Apple will have many new potential users with current and future carriers. Barron's Online writes that Pacific Crest's Andy Hargreaves on Tuesday offered his take on the whole situation. Hargreaves notes that the carriers with which Apple has agreements have grown in subscriber base to 669 million people, an increase of 520 million in just the last month.

Hargreaves sees total global handset sales reaching 1.27 billion units this year, and 1.37 billion the next, while smartphones will account for 61 million and 81.3 million units respectively. Of the aforementioned numbers, Hargreaves estimates Apple will take 17.2-percent of this year's sales, and 18.8-percent the following year, which would bring Apple to 10.5 million units by the end of 2008, and 15.3 million in 2009

Among the driving forces for these numbers are Apple's push into corporate interests and the SDK, as well as a large number of new potential buyers in China, Russia, and Japan.

Based on this information, Hargreaves maintains an Outperform rating, with a $225 target price for Apple's stock.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. climacs

    Joined: Dec 1969

    0

    you shoulda bought

    at $120 or $130 ;-)

Login Here

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

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

toggle

Most Commented