toggle

AAPL Stock: 102.13 ( + 1.24 )

Printed from http://www.macnn.com

Forecasters start changing their tune on Apple, AAPL

updated 03:06 am EST, Fri January 4, 2013

Records sales, new growth in enterprise could mark 2013

Despite the three-month decline of Apple's stock price, some analysts are now more confident that the company has some solid operations behind it and will continue to deliver industry-beating growth rates across 2013 and into the following year, even if speculated new products such as "Pandora-like radio service" or long-rumored HDTV set never materialize. There is also some evidence the corporate and enterprise buying of Apple products may snowball in 2013.

Forrester Research is predicting that Apple will have a record year in enterprise sales of Macs and iPads in 2013, estimating a total of $18 billion in corporate sales between the two lines, with the iPad leading the way. Though competition in the "business tablet" space may increase due to efforts from Microsoft and Google to undercut the iPad, in the foreseeable future the iPad remains the best choice for tablets, and retains strong employee preference for them over Android- or Windows-based devices.

The analytic firm predicts that corporate spending on Windows tablets and PCs will be flat in 2013, as many units will be replaced with mobile devices most often running iOS or Android. Linux devices (such as servers) supporting Macs and mobile devices are part of a new overall workflow that sees Forrester estimating a 44 percent increase in combined Linux and Android spending (to a total of $8 billion) along with a 23 percent increase in Mac buying (to $7 billion).

While Wintel will still snare the lion's share of corporate computer spending ($124 billion), growth in that sector will slow until Windows 8 is more widely adopted in 2014 and beyond. Spending on iPads will continue to grow into 2014, where Forrester believes companies will spend $13 billion on Apple's tablet alone. Rumors that iWork will compete more aggressively against Microsoft Office by integrating with corporate tools like VMWare's Horizon suite may help the company gain a foothold, particularly if Microsoft delays or does not release a planned iPad version of Microsoft Office this year.

AppleInsider has reported that Evercore Partners analyst Rob Cihra is calling for the company to have done better than expected in its most recent quarter, ahead of any gains made in the corporate sector. Chira is calling for Apple to report sales of 50 million iPhones and 24 million iPads -- including 10 million iPad minis -- along with around five million Mac units.

Despite the optimistic projections (averaging some 40 percent growth year-over-year), he has trimmed his target price for the stock down to $750 (from $775), though he has maintained an "overweight" rating as he believes his estimates may be conservative. Current consensus estimates are for Apple to report sales of around $54.5 billion and earnings per share of just over $13.





by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. lkrupp

    Junior Member

    Joined: 05-13-01

    Yep, they reeled in all their profits from shorting the stock so now it's time to boost it up again to make more money on the long side. This should be illegal but apparently it's not.

  1. climacs

    Forum Regular

    Joined: 09-06-01

    You had your chance to take advantage of the fire sale on AAPL, it went as low as $504 during intraday trading on Friday, 12/28/12.

  1. blahblahbber

    Banned

    Joined: 02-01-05

    Originally Posted by lkruppView Post

    Yep, they reeled in all their profits from shorting the stock so now it's time to boost it up again to make more money on the long side. This should be illegal but apparently it's not.

    Fractional Reserve should be illegal. Same idea as a ponzi scheme. Yet illegal for citizens of the Corporate States of America.

Login Here

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

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Pure Jongo T2 wireless speaker

Multi-room audio compatibility is a key metric for wireless sound systems these days. The entry cost into a house-spanning system can ...

toggle

Most Commented