“Apple is on track to sell more than 50 million iPhones a year by the September 2011 fiscal year, Bernstein Research analyst Toni Sacconaghi asserted in a research note this morning, up from an estimated 20 million in fiscal 2009,” Eric Savitz blogs for Barron’s.
MacDailyNews Take: Sounds like Toni found his missing iPhones. (smirk)
Savitz continues, “He contends the company can reach that level simply by holding its current share of the smart phone market and aggressively broadening distribution to additional carriers.”
Here’s now he sees Apple getting there:
• Smart phone market growth
• Add more carriers in existing countries
• Offer the phone in China
“Sacconaghi thinks the company could put up even bigger numbers, if it addresses two market it doesn’t currently address: pre-paid phones and non-data phones,” Savitz reports.
MacDailyNews Take: Is Apple really interested in “non-data phones?”
Savitz continues, “Sacconaghi repeats his Overweight rating and $185 price target on Apple shares.”
More details in the full article here.
MacDailyNews Take: Sacconaghi has proven to be pretty much an idiot when it comes to Apple “analysis” (see related articles below), so do with his numbers what you will. One thing’s for sure: Toni is catnip for Eric; he just can’t bring himself to ignore Toni’s twaddle du jour.