“Ben A. Reitzes with Barclays Capital calculates that the LCD market will reach about 230 million units in calendar year 2012,” Hughes reports. “He suggested that Apple could, over time, capture 5 percent of that market and earn $17 billion in revenue, which would be almost 10 percent of his fiscal 2013 estimate of $183.1 billion for the company.”
Hughes reports, “With assumed gross margins of around 40 percent on a full-fledged Apple television set, he sees the company gaining about $5.40 earnings per share, or about 11 percent of his fiscal 2013 EPS estimate of $48.46.”
Read more in the full article here.
MacDailyNews Take: Idiocy. We’re going to do something radical: If there is an “Apple iTV” product, we’ll wait to see what it does before estimating its potential.
[Thanks to MacDailyNews Readers "Fred Mertz," "Dan K.," and "Sarah" for the heads up.]