toggle

AAPL Stock: 124.75 ( -1.42 )

Printed from http://www.macnn.com

Analyst finds iPad has no competitors, raises estimates

updated 07:50 pm EDT, Thu September 30, 2010

Contends Apple will move 5.4M iPads in Q4 alone

When it comes to iPads, analyst Doug Reid of Stifel Financial is very bullish: in addition to raising his fourth-quarter sales estimates for most iOS devices, Reid points out that among all the talked-about iPad competitors, only one is actually available for sale at present, and all are "disadvantaged by unsuccessful attempts to integrate first generation tablet hardware with mobile OSes (Android 2.2/3.0, Chrome) that remain either nascent or entirely unproven relative to Apple's nearly 4-year old iOS."

Philip Elmer-DeWitt of Fortune's Apple 2.0 blog reports that Reid sharply increased his estimate of Q4 iPad sales from 3.2 million units to 5.4 million due to "robust demand," and also predicted that the new iPod lineup would do well this holiday season, raising his target from 8.9 million units to 9.5 million sold. He kept his iPhone estimate for Q4 the same at 11.6 million units, but expects sales to rise dramatically after the new year, in part fueled by high demand in China.

Apple will report is Q3 earnings on October 18th, for which Reid predicts just over $19.1 billion in revenue. He consequently raised his target price for the stock slightly, from $350 to $360 per share.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. Constable Odo

    Joined: Dec 1969

    +1

    That's some rather powerful reasons for

    an upgrade, but it wasn't even enough to keep Apple in the green today. What the heck does Apple have to do to stay green on an upgrade?

  1. vintagegeek

    Joined: Dec 1969

    +1

    No other Tablet Yet

    All the others keep talking about their pads/tablets but I don't see any on the street before Christmas. By the way, a 7" tablet if not a tablet, it's a big phone. Can't read a text book or manual on a 7" screen.

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Apple 13-inch MacBook Pro (Early 2015)

Although the new darling of the Apple MacBook line up is the all-new MacBook, Apple has given its popular 13-inch MacBook Pro with Ret ...

Griffin Twenty

A few years ago Griffin launched the original Twenty, a small digital amp that used an AirPort Express to turn any set of passive spea ...

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill th ...

toggle

Most Commented