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AAPL Stock: 132.54 ( + 1.15 )

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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.




by MacNN Staff

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Comments

  1. eldarkus

    Joined: Dec 1969

    +1

    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"

  1. infinsq

    Joined: Dec 1969

    0

    Re: Hmmm...

    The copy/paste function of WYSIWYG editor is apparently broken. Please bare with them as they manually retype other stories.

  1. eclux

    Joined: Dec 1969

    +1

    the elusive half-mac

    ... or it could mean that Apple shipped between 2.5 macs and 2.5 million macs. Would 2.5 be two MacPros and a mini?

    (And I'll modestly pass on baring with the MacNN writers, but I'll gladly bear with them.)

  1. Neil Anderson

    Joined: Dec 1969

    0

    Whoa

    You guys are harsh! :)

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