BMO: Apple EPS to rise based on Macs, iPhones
updated 04:10 pm EDT, Mon July 7, 2008
BMO: EPS boost off Macs
Investors should expect higher earnings per share (EPS) from Apple than previously predicted for FY09, says an analyst with BMO (Bank of Montreal) Capital. Keith Bachman writes that although he had previously predicted an EPS of $6.21, he now thinks it will reach approximately $6.31, with an ultimate price target of $205. This is based not just on the imminent release of the iPhone 3G, Bachman notes, but on the strength of Mac sales.
For the most recent June quarter, Bachman estimates that Apple shipped between 2.5 and 2.5 million Macs, which would represent year-over-year growth of 39 percent. During FY09 it is believed that Apple CPU units will jump by 26 percent, versus the 11.5 to 12 percent predicted for the overall market.
Fresh-Faced Recruit
Joined: Feb 2004
Hmmm...
.For the most recent June quarter, Bachman estimates that Apple shipped between 2.5 and 2.5 million Macs
So 2.5 million it is?? Go MacNN!!! The real atricle states "between 2.4 and 2.5 million macs"