toggle

AAPL Stock: 113.29 ( + 0.37 )

Printed from http://www.macnn.com

Barclays ups Apple figures on iPhone, mystery device

updated 12:00 pm EDT, Mon April 6, 2009

Barclays ups AAPL figures

Ben Reitzes, an analyst with Barclays Capital, has raised the firm's price target for Apple stock from $113 to $143. FY09 EPS is now projected to be $5 instead of $4.85, while FY10 is expected to produce $5.95 rather than $5.60. The reasoning is attributed principally to Apple's next generation of iPhones, which Reitzes suggests will support $10 per share in annualized free cashflow. Aside from attracting buyers with better hardware, Apple may also manage to secure a long-awaited Chinese iPhone deal before June.

Also on the horizon is a rumored ultra-portable device, slated to ship by the end of the year. Reports elsewhere have suggested that it could be a 10-inch netbook, and that it might also have a five-megapixel camera. Apple has expressed a reluctance to a develop netbook, due to quality concerns; the success of Windows- and Linux-based models may however force the company into competition.

March-quarter EPS is now predicted to jump from $0.98 to $1 on a GAAP basis, or from $1.18 to $1.37 without GAAP. Shipments in the quarter may include 2.19 Macs, and 2.8 million iPhones, the latter being an estimate raised from 2.2 million. Checks from Asia are said to show Apple doubling iPhone production in the second calendar quarter, pushing numbers as high as 4.3 million.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. elroth

    Joined: Dec 1969

    +1

    ugh

    Same old stuff:

    slated to ship by the end of the year, could be a 10 inch netbook, might have a 5 mp camera, the success of Windows netbooks may force Apple into competition.

    I call BS.

  1. Jeronimo2000

    Joined: Dec 1969

    -4

    Sure

    Of course it's BS, anything an analyst says regarding Apple is always a product of immense technical ignorance.

    They only do it to push the share price. And I can't blame them for it... I'd be a happy camper if AAPL is back in the 140s...

  1. testudo

    Joined: Dec 1969

    0

    Re: Sure

    If either of you bothered to read the actual posting, you'd see that they never mentioned a mystery device, netbook, or any such other thing. It is based completely on expectations of an iPhone refresh.

  1. climacs

    Joined: Dec 1969

    +1

    ever noticed

    how analysts keep bumping their price targets as a stock's price generally trends upwards and bumping them downward when it generally trends downwards?

    I just don't put much faith in their 'price target'; it's like someone trying to predict next month's weather based on the fact that we had sunny weather last week.

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

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 ...

Wren V5US Wireless Sound System

If you're a music fanatic, chances are you are, by extension, a bit fanatical about what you listen to your music on. If you're like ...

toggle

Most Commented