View this article at: http://dev.macnn.com/articles/08/07/07/bmo.eps.boost.off.macs
Monday, Jul 07, 2008 4:10pm

BMO: Apple EPS to rise base...

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.